A one-time hedge fund king is finding out that gravity is a force that doesn’t discriminate based on pedigree.
When BlueCrest Capital Management’s founder Michael Platt jetted into the Middle East in September of 2013, meeting with sovereign wealth funds who might shower the then among the world’s largest hedge funds with even more bounty, Platt was on top of the world.
BlueCrest Capital's returns in 2008
After the firm’s BlueTrend managed futures fund scored 43 percent returns in 2008 as the stock market suffered, he followed that up in 2009 with 45 percent returns from BlueCrest Capital International. When his plane touched down in the Middle East, his hedge fund group was managing $37 billion and he wanted to grow...
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