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BlueCrest to Close Hedge Fund and Refund Outside Investors | Tony Seruga
Dec
01

BlueCrest to Close Hedge Fund and Refund Outside Investors

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Less than three years ago, BlueCrest Capital Management was one of the biggest hedge funds in Europe, managing $37 billion of investor money.

Now, with just $8 billion under management, Michael Platt, its billionaire founder has decided to shut its doors to outside money, quietly ending a bumpy few years for the firm and its investors.

BlueCrest, a 15-year-old hedge fund based on the Isle of Jersey, announced the decision to return outside capital on Tuesday. It is the latest in a rapid succession of announcements by hedge funds closing their doors, returning capital to investors or liquidating…

BlueCrest to Close Hedge Fund and Refund Outside Investors

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