Michael Platt Biography
Platt was born in 1968 in Preston, Lancashire, England. His father was a civil engineering professor at Manchester University. His mother worked as an administrator at a university.
At the age of 14, he put £500 into Common Brothers, a shipping company that quickly tripled in value. Some of his first investments were in newly privatized utilities in the United Kingdom.
He studied civil engineering at Imperial College London for a year before transferring to the London School of Economics, where he graduated in 1991.
Michael Platt Career
Michael Edward Platt is a billionaire hedge fund manager from the United Kingdom. He co-founded and is the managing director of BlueCrest Capital Management, Europe’s third-largest hedge-fund firm, in 2000. Platt got his start in the City after his grandmother gave him some shares to invest in and he discovered he had an aptitude for investing.
In 1991, he joined JP Morgan. In April 1992, Platt took over as head of trading for JP Morgan’s swaps and options trading business, and in April 1996, he became the head of trading for all swaps products relating to the 11 founding states of the European single currency, the euro. Platt and William Reeves co-founded BlueCrest Capital Management LLP in 2000.
Platt grew BlueCrest into one of the world’s largest hedge fund firms, managing more than $35 billion in assets at its peak.
Michael Platt Net Worth
According to the Forbes Real Time Bilionaires List, he is Britain’s wealthiest hedge fund manager, worth an estimated $15.2 billion.