Background
Platt was born in Preston, England.Following in the footsteps of his father - a professor at Manchester University - Platt studied Civil Engineering at Imperial College London.
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Michael Platt
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London School of Economics.
Career
Platt co-founded the firm in 2000. Bluecrest is a systematic hedge fund based in London. After a year he grew bored and subsequently switched to studying Mathematics and Economics at the London School of Economics, graduating with honours in 1992.
He joined Justice of the Peace Morgan in 1991 as a Managing Director responsible for relative value trading.
In 2000 Platt co-founded Management Limited Liability Partnership, with William Reeves. Management (United Kingdom) Limited Liability Partnership manages over £30bn, and employs 350 people.
BlueCrest initially focused on trading interest rates and using computers to capture trends in bonds and commodities. In 2013 it expanded into trading stocks to compete with Millennium Management Limited Liability Company and SAC Capital Advisors Limited Liability Partnership.
In 2011 George Soros decided to stop managing money for outside clients and turn his hedge-fund firm into a family office.
Soros spoke to Platt, asking him to take on more than $1 billion for a 0.5 percent management fee and a 10 percent performance fee.
Platt reportedly declined the offer, saying plenty of investors were willing to pay BlueCrest 2-and-20, the industry standard fee structure.
Achievements
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Platt assumed responsibility for developing Justice of the Peace Morgan"s swaps and options trading business in April 1992 and in April 1996, became the Head of Trading for all swaps products relating to the 11 founder nations of the European single currency. He has a private showroom in the crypt of a deconsecrated church at One Marylebone, which displays a selection of art by, among others, taxidermist Polly Morgan, the Turner Prize-winning sculptor and installation artist Keith Tyson and Reece Jones.
