BlueCrest Capital Management, the investment firm led by billionaire Michael Platt, has posted nearly 15% gains so far in 2025, outpacing several of its high-profile hedge fund peers, according to a report by the Financial Times.
The firm, which now operates as a family office, has capitalised on volatility in currency and bond markets, according to a person familiar with the matter.
BlueCrest’s performance has been driven by bets on reversals in US interest rates, movements in the dollar and the British pound, as well as AI-related stocks. The firm now employs approximately 140 trading teams.
The start of 2025 has presented significant challenges and opportunities for hedge funds.
Multi-manager firms Millennium and Citadel reported year-to-date losses of approximately 0.8% and 0.3%, respectively, through February, while Balyasny gained 3.5%. Meanwhile, Brevan Howard’s master fund declined by 4.45%, though its Alpha Strategies fund posted a 2.25% gain.
BlueCrest, once one of the world’s largest hedge funds, transitioned into a family office in 2015 after a period of underperformance and investor redemptions. Platt cited the ability to use greater leverage and offer larger profit shares to traders as key advantages of the new structure. Since, BlueCrest has consistently delivered strong returns.
The firm’s diversified trading approach spans bonds, currencies, commodities, and systematic strategies that deploy data-driven models to identify market opportunities.
BlueCrest declined to comment on its recent performance.
