Billionaire Hedge Fund Titan Michael Platt Relocates to UAE as BlueCrest Expands in Dubai
BlueCrest Secures Dubai Regulatory Green Light
Platt’s move aligns with BlueCrest’s aggressive regional push:
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The firm received full regulatory approval to operate in Dubai.
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Its Dubai office, established in 2022, can now hire traders and directly manage capital.
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This marks a strategic pivot for BlueCrest, now structured as a private family office after returning external investor funds in 2015.
UAE’s Financial Ascent: A Magnet for Global Capital
BlueCrest joins a growing list of hedge funds, including Brevan Howard and TCI Fund Management, setting up in Dubai. Key attractions driving this wave:
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Zero income tax environment
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Access to sovereign wealth capital
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Time-zone overlap with global markets
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English common-law legal framework
UK Legal Clouds Still Loom
Despite its Dubai expansion, BlueCrest remains entangled in UK legal disputes:
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It recently lost a tax case where HMRC argued that its top traders, some earning $100M+, should be treated as employees.
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The case now moves to the UK Supreme Court, with potential long-term tax implications.
