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BlueCrest Capital Management
$210 Million
Michael Platt and his $15 billion London-based BlueCrest Capital Management come almost out of the blue to make the cut (Platt, 41, was No. 47 on last year’s expanded list of top 50 managers). BlueCrest is one of just a handful of big firms that made good money last year. All three of its major funds were in the black, led by the $5.8 billion BlueTrend Fund, which was up an impressive 42 percent.
BlueTrend, which deploys a systematic trading strategy, is headed by highly regarded quant Leda Braga, a former colleague of BlueCrest co-founders Platt and William Reeves at JPMorgan Chase & Co. in London.
The pair started the firm with $117 million in 2000 after they left the bank, where both had been senior proprietary traders (Reeves has since retired).
