BlueCrest pay in London: Up 92% for partners, 14% for the rest
Working for Mike Platt at BlueCrest is always lucrative but last year it was more so. Especially for partners.
Get Morning Coffee ☕ in your inbox. Sign up here.
Accounts released for BlueCrest Capital Management LLP, the partnership, and for BC Capital Management Services Ltd, which provides services to the partners, reveal that last year was a fine year for the fund, which was previously a hedge fund but now manages Platt's personal fortune.
BlueCrest's 46 partners received an average profit share of £959k ($1.3m) each in the year to March 21st 2025, up from £498k the year before. The firm's other 321 employees received a 14% pay rise, to £534k each.
BlueCrest also disclosed pay for seven material risk-takers, who earned an average of £4m each, and said it paid £1.8m in guaranteed pay and severance payments.
Revenues at the partnership went from £52m in 2024 to £130m in the year to March 2025. A handful of hires were added to BC Capital Management Services, where headcount increased by six people.
Portfolio managers have a preference for working for BlueCrest because it pays them 30% of profits versus a standard 20% elsewhere. However, success requires the successful navigation of Platt, who has strong opinions about how his money should be managed.
Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate.
