FCA secures $101m redress for investors from Michael Platt's BlueCrest

Follows lengthy legal dispute

Linus Uhlig
clock • 1 min read

BlueCrest Capital Management, a hedge fund co-founded by billionaire Michael Platt, has agreed to pay $101m (£76m) in redress to investors, marking the end to a years-long legal battle between the hedge fund and the Financial Conduct Authority.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Linus Uhlig
Author spotlight

Linus Uhlig

Linus Uhlig is a senior reporter at Investment Week

More on Regulation

FCA secures $101m redress for investors from Michael Platt's BlueCrest

FCA secures $101m redress for investors from Michael Platt's BlueCrest

Follows lengthy legal dispute

Linus Uhlig
clock 15 October 2025 • 1 min read
FCA pushes on tokenisation remit in a bid to make asset management more efficient

FCA pushes on tokenisation remit in a bid to make asset management more efficient

Set out plans to support initiative

Eve Maddock-Jones
clock 14 October 2025 • 2 min read
Devon man jailed for £1.3m Ponzi scheme run from his bedroom

Devon man jailed for £1.3m Ponzi scheme run from his bedroom

FCA secures seven-and-a-half-year sentence

Sahar Nazir
clock 07 October 2025 • 3 min read
Trustpilot