Michael Platt – BlueCrest Capital Hedge Fund Net Worth: A Clear Overview (Businessmole.com)
Michael Platt is a British billionaire hedge fund manager and the co-founder and CEO of BlueCrest Capital Management. As of September 13, 2023, his real-time net worth is estimated to be $16 billion, making him one of the wealthiest individuals in the world. Platt’s success in the hedge fund industry has earned him a reputation as a savvy investor and a prominent figure in the financial world.
Here’s Sosin’s Latest Win (Institutional Investor)
Sosin Partners, which is up about 88 percent this year, settled its activist fight with Cardlytics. Score this one to Clifford Sosin. The head of hedge fund Sosin Partners Tuesday settled his activist bid with Cardlytics. Under the deal, Cardlytics agreed to increase the size of its board of directors to nine and appoint Alex Mishurov as a Class I director whose term expires in 2025.
Ex-Bridgewater CEO McCormick to Make Pennsylvania Senate Run Official Thursday – Sources (Reuters)
David McCormick, a former hedge fund executive who lost the Republican primary for Pennsylvania’s open Senate seat last year, will announce on Thursday that he is running again for Senate — this time against three-time incumbent Democratic Senator Bob Casey Jr. A U.S. Army veteran and former Treasury Department official, McCormick, 58, will kick off one of the nation’s most closely watched races with a speech in Pittsburgh, two sources said. Reuters first reported on Sept. 12 that the former CEO of Bridgewater Associates, one of the world’s largest hedge funds, would run.
Former Millennium and Morgan Stanley Executive Raises $3 Billion for New Asia-Focused Hedge Fund (Investing.com)
Kurt Baker, a former executive at Millennium Management and Morgan Stanley (NYSE:MS)’s Asia prime brokerage, is currently raising nearly $3 billion for a new hedge fund firm, 30th Century Partners. The Hong Kong-based firm, focusing on the Asian market, is set to start trading in June 2024 with an initial team of eight to ten investment groups. 30th Century Partners aims to focus its investments primarily in Asia, targeting markets such as India, China, South Korea, Taiwan, Hong Kong, and Japan. The firm also plans occasional ventures into Southeast Asia and Australia, while some of its investment strategies like macro trading will have a global reach.
Hedge Fund CEO Jeffrey Gundlach Says This is One of the Best Fed Decisions in a While (ForexLive)
Gundlach is the founder of DoubleLine Capital, some remarks crossed the news wires in response to the Federal Open Market Committee (FOMC) decisions today. This is one of the best Federal Reserve decisions in a while. Its the right thing to not raise rates. We have a lot of crosscurrents in the economy. Very prudent for the Fed to have a “wait and see” attitude. Probability for rate hikes is higher than before recent oil spike. The narrative is going to develop that there won’t be a hike in November.
