Bluecrest insane 2025 returns and L10Y track record (Medallion-like)
Any thoughts on Michael Platt's fund performance? Consistently insane. What could explain this? How much AuM? Strategy? Any comments are highly appreciated
Any thoughts on Michael Platt's fund performance? Consistently insane. What could explain this? How much AuM? Strategy? Any comments are highly appreciated
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Recall someone saying in a prior year that these returns were not apples to apples to other HF returns and overstates the returns. Forget the details.
"These returns are misleading. These are returns on *cash invested*, not on the return of the fund. Because they are a family office, they don't have to report returns to investors the way most hedge funds do. My guess is that they're achieving somewhere between 20-30% annualized returns on capital (my good friend worked there and he agrees) - which is still extremely impressive of course. Just wanted to make sure people understood that these are overstated returns."
https://www.wallstreetoasis.com/forum/hedge-fund/bluecrest-just-incredi…
still amazing, 20-30% is crazy
also curious to hear peoples' thoughts on this. Honestly, Platt just seems like an absolute baller
these figures are almost guaranteed to be % on cash invested…remember this is the type of ego to brag about his returns to his cab driver. maybe my RV/macro counterparts can chime in more definitely, but from offhand convos, cash usage for their type of strategy is most likely somewhere between 10-25%…so divide their returns in any given year by 4-10x.
I thought they were highly levered. Why only use 25% of cash?
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