Bearish on US Dollar
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Billionaire investor taught by his grandmother beats market with 73pc return
Yahoo Finance· 2026-01-06 16:12
Core Insights - Michael Platt achieved a remarkable 73% return at BlueCrest Capital Management, significantly outperforming major indices like the FTSE 100 and S&P 500 [1][2][4] Company Performance - BlueCrest Capital Management, now functioning as a family office, manages Michael Platt's personal fortune of $12.8 billion (£9.4 billion) and has the flexibility to invest without outside investor constraints [5] - The firm has seen substantial profits from bearish bets on the US dollar, particularly during a period of significant market volatility caused by Donald Trump's tariffs [4][5] Investment Strategy - The firm employs a unique hiring strategy, favoring traders with practical experience over traditional financial analysts, which reflects a focus on understanding market edges [6][7] - BlueCrest has expanded its operations aggressively, including gaining full regulatory approval to operate in Dubai, while maintaining a presence in London, New York, and Singapore [6]