Published on 27 May 2023 on Insider Monkey via Yahoo Finance
Billionaire Michael Platt’s Top 10 Stock Picks
In this article, we are going to look into Billionaire Michael Platt's Top 10 Stock Picks. If you want to skip ahead, follow this link to read about Billionaire Michael Platt's Top 5 Stock Picks.
British billionaire Michael Platt is a notable figure in the hedge fund world. He co-founded BlueCrest Capital Management with American William Reeves in 2000 after working for almost a decade at JP Morgan. In 23 years, BlueCrest has grown to more than $60 billion in assets under management. Platt himself has become one of the richest men in the world and is currently considered the wealthiest hedge fund manager in the UK, according to Sunday Times, with an estimated net worth of 11.5 billion pounds ($14.29 billion).
In 2011, Platt made headlines, when reportedly he was approached by another renowned billionaire investor George Soros. According to reports, Soros asked Platt to take an investment of around $1 billion, but for a 0.5% management fee and a 10% performance fee, which was significantly lower than the industry standard fee of 2% and 20%, respectively. Platt declined the offer.