The fall of a trading titan

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The story "The fall of a trading titan" was covered 14 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 14h ago

The fall of a trading titan - Financial Times

Quick Summary:

Billionaire Michael Platt’s firm BlueCrest Capital Management has gained almost 15 per cent so far this year after making bets on currency and bond markets.

Markets have been rattled by Trump’s on-off approach to tariffs on US trade partners, while a crackdown on immigration and cuts in the public sector have led to fears that inflation may surge and GDP growth could slow.

But as Kaye Wiggins writes in this gripping tale for the FT’s Weekend magazine, Sadler has been accused of insider trading, in a Hong Kong criminal case that has struck at the heart of the “block trading” model.