Hedge Fund Videos | 30+ Free Videos on Hedge Funds

BlueCrest's Huge Move in Hedge Fund

BlueCrest’s Michael Platt Makes Huge Move in Hedge Fund

Michael Platt, co-founder of BlueCrest Capital Management, negotiated a $750 million loan from 16 banks in July, allowing his firm to hire at least 25 money managers.
“I can’t think of any other examples like this,” says Daniel Celeghin, a partner at Casey Quirk & Associates, which advises hedge funds on fundraising. “It’s just the nature of finance, where if you are big and successful, people want to do business with you.”
After doubling assets under management over the past five years to $34.2 billion, the British-born Platt, who resides in Geneva, presides over the third-largest hedge fund firm in Europe. He made his first hire for stocks in March, adding Christian Dalban from Nomura Holdings to build and oversee teams of traders that would be based in London. Jonathan Larkin joined from Nomura in April to do the same in New York. BlueCrest also added at least three money managers and two analysts from SAC Capital Advisors, which is turning itself into a family office to manage founder Steven Cohen’s $9 billion fortune. Platt, 45, declined to be interviewed.
Source: Businessweek

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Michael Platt, BlueCrest Capital Management, Daniel Celeghin, Casey Quirk & Associates, Geneva, Europe, Christian Dalban, Nomura Holdings, New York, SAC Capital Advisors, Family Office, Steven Cohen.

Link to This Resource: BlueCrest's Huge Move in Hedge Fund

http://richard-wilson.blogspot.com/2014/01/bluecrest-huge-move.html
Redesign by HedgeCo Website Creation