Michael platt bluecrest biography sampler
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A Letter a Day
Hi everyone! Due to popular request (and a few persistent individuals), I’ll be restarting this newsletter, but with a few changes. Most notably, rather than sending “A Letter a Day”, I’ll be sharing a letter or transcript twice a week, once on Tuesday afternoon (2:22pm) and once on Saturday morning (6:06am). Second, I’m expanding the scope of the newsletter to include a broader range of subjects, but still focused on thought-provoking investors (across venture, hedge funds, and private equity), founders (not just tech), and operators (sales, marketing, product, etc). Lastly, I’ll be limiting my commentary so it’s a smoother reading experience and you can read the work as is. (If you’d like to see my notes or trade thoughts, shoot me a DM on twitter!)
Today’s letter is a transcript of BlueCrest Capital Management Founder Michael Platt’s first live television interview on December 15, 2011, where he discussed Navigating the Euro Debt Crisis. That’s the same year George Soros approached him to manage $1bn of his money for 0.5% & 10%. Michael refused – why should he give up 90% of the upside? Less than 5 years later, on December 1, of 2015, he returned all outside capital and converted BlueCrest into a family office. His returns since then?
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Career Beginnings