Bluecrest Capital Management is a good example of the fabulous sums of money to be made when hedge funds get it right. Set up by partners Michael Platt and William Reeves in 2000, sales hit £290m last year, on which Bluecrest made the staggering sum of £249m. In 2003, Man Group paid £105m for just 25 per cent of the company, the rest of which is owned between Platt and Reeves. The pair has earned such large sums in pay and dividends that the 2008 Sunday Times Rich List estimated them as being worth a whopping £268m each. The figures sound most impressive– but how well will Bluecrest cope with the financial tsunami that has recently devastated the hedge fund sector worldwide?
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