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This article is the result of our research for the European Single Family Office database, highlighting prominent family investment offices across Europe. As a part of the list, we highlight the largest single-family offices in the United Kingdom. These offices are key players in various sectors, including financial markets, real estate, venture capital, private equity, and renewable energy.
The British billionaire hedge fund manager
Michael Platt is co-founder and managing director of BlueCrest Capital Management, Europe’s third-largest hedge fund firm. After almost a decade at JP Morgan, he co-founded the firm with William Reeves. At its peak, BlueCrest Capital managed more than $35 billion in assets and employed around 350 people. Due to poor results in the 2010s, Platt returned outside money in 2015 and reorganized his firm as a family office. Since then, the family office has become highly successful again, generating returns of 95% in 2020 153% in 2022, and 20% in 2023. Thanks to his success, Michael Platt has amassed a fortune of $18 billion.
The Michael Platt family office BlueCrest Capital
Michael Platt does not have a personal family office, but manages his assets through BlueCrest Capital, where he remains CEO. The company’s operations are spread across the globe. It has offices in London, Geneva, Jersey, Dubai, New York, Miami and Singapore. BlueCrest invests in all types of assets. Recently they have focused on crypto and trading. In 2024, it invested $2.78 million in the iShares Bitcoin Trust and backed the new BlueX FX trading platform. In addition to its business success, the family office has been in the news after losing a legal battle with the UK’s financial regulators. It remains to be seen whether it will have to pay $700 million in compensation to investors for favoring its employees in an internal fund.
Picture Source: Robert Bye via Unsplash
Last Updated on December 3, 2024
