Michael Platt’s UK’s richest hedge fund manager claims that his fund never suffered an annual loss.
Michael Platt’s made a 57% gain last year on top of a 20% increase in 2016 and he comfortably holds Uk’s heavyweight champion hedge fund manager.
“Michael Platt’s made a 57% gain last year on top of a 20% increase in 2016 and he comfortably holds Uk’s heavyweight champion hedge fund manager”
Michael Platt has invested a lot of his wealth in the arts which, he displays in the crypt of a deconsecrated church in Marylebone.
His collection includes a black Christ in an electric chair beside skulls, stags’ heads, 5bn-year-old meteorites, a Japanese woman riding a walrus and the levitation of St John the Baptist. There are pieces by the taxidermist Polly Morgan, the Turner prize-winner Keith Tyson and Reece Jones.
Michael Platt’s UK’s richest hedge fund manager BlueCrest Capital Management fund opened an office in Miami. The Miami office is staffed by six portfolio managers, according to people familiar with the matter.
BlueCrest, is based in Jersey, Channel Islands and it is among the latest money managers to open an office in the sunshine state of Florida, a state with no income tax and low property levies.
“Michael Platt has invested a lot of his wealth in the arts”
Florida is aiming to attract investment firms following the federal tax law’s new $10,000 cap on state and local deductions, including property taxes. In recent years other hedge fund titans such as David Tepper and Paul Tudor Jones have also opened offices in Florida.
Fund Managers Are Ditching Wall Street for Florida, according to Bloomberg.
“Michael Platt’s UK’s richest hedge fund manager relocated to Geneva in 2010 from London after the UK government said it would raise taxes on top earners”
BlueCrest plans to grow the office by hiring more money managers from the US.
Michael Platt’s UK’s richest hedge fund manager relocated to Geneva in 2010 from London after the UK government said it would raise taxes on top earners. Michael Platt moved his headquarters to Jersey, a low-tax jurisdiction, in 2014.
Michael Platt’s UK’s richest hedge fund manager said in December 2015 that he would return client money — about $7 billion of the $8 billion that his fund managed. Michael Platt’s wanted to trade with a high level of borrowed capital. It was a risky high leveraged approach that paid off with his firm gaining in excess of 50% profits in two consecutive years.