BlueCrest Capital Management is a British-American

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as ...

which was founded by British billionaire Michael Platt and American William Reeves in 2000. The

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-based company has registered offices in

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and

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. BlueCrest Capital Management is Europe’s third-biggest hedge-fund firm, managing over £30 billion. The firm's employees are estimated to number c.600. It also operates as Bluecrest Recruitment, BlueCrest Inc, BlueCrest Capital Management, Limited, and BlueCrest UK. Until 2014 it was BlueCrest Capital Management, LLP. It has a flagship fund BlueCrest Capital International Master Fund Limited, and a US fund BlueCrest Capital L.P. ''Forbes'' estimated Michael Platt's net worth to be US$8 billion in 2019.

Investments

In 2014, Bluecrest spun off $8.2bn worth of assets into a new company, Systematica Investments, run by Bluecrest employee, Leda Braga. ''CNBC'' has referred to Braga as "the most powerful woman in Hedge Funds", earning in excess of US$50m annually. In 2015, Bluecrest announced its plans to return all outside capital to investors and transition into a private investment partnership that would manage money for its partners and employees. The fund generated returns of 50% in 2016, 54% in 2017, 25% in 2018 when the average hedge fund lost money, and 50% in 2019. In March 2020, BlueCrest reduced the size of its relative-value trading book, which seeks to exploit anomalies in related securities. The company also cut risk across the firm by about $1 billion. BlueCrest suffered some losses after the sell-off, but the investment fund was up for the year through the close of trading on March 11th.

References

{{Reflist, 30em

External links

BlueCrest Capital Management homepage
Financial services companies of the United States Financial services companies based in New York City Financial services companies established in 2000 2000 establishments in New York City Companies established in 2000 Hedge funds American companies established in 2000 2000 establishments in the United States Companies based in New York City