Michael Platt’s bet against US dollar helps drive BlueCrest to 28% gain

Michael Platt’s bet against US dollar helps drive BlueCrest to 28% gain

Hedge fund turned family office has long-term bearish stance on US currency

BlueCrest's dollar short fuels 28% gain

Michael Platt’s BlueCrest Capital Management, the former hedge fund now operating as a family office, has delivered a 28% gain year-to-date, driven in large part by a well-timed short position against the US dollar, according to a report by the FT citing sources familiar with the firm’s strategy. The firm, led by the reclusive billionaire trader, has maintained a long-term bearish stance on the greenback, a position that paid off handsomely in r…