Platt’s BlueCrest Returning Assets To Customers
Citing a changing hedge fund land scape, lowered fees and fund profitability and a desire to manage money without significant constraint, the $8 billion hedge fund BlueCrest Capital Management is going the way of SAC Capital and becoming a family office to manage its own money. In an email sent to investors and reviewed by ValueWalk, Michael Platt, the fund’s founder, said investors . . .
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