You're right. 2014-2016 is crucial context: AUM collapsed from $37B to $8B, BCI underperformed, and they returned $7-8B to external investors. SEC later revealed they'd moved top traders to an internal fund, replacing them with an underperforming algo $170M settlement. The family office structure (and subsequent 50%+ annual returns) only exists because external capital was no longer an option. Adding this update, thanks for flagging.
Update: Added a new section "2014–2016: The Collapse That Created the Family Office" with full sources (SEC, FCA, Forbes, Institutional Investor). Appreciate the feedback.
I get why it might look that way, but this wasn’t written from a single prompt. I went through the sources myself, read the filings and documents, pulled out the important points, and then put everything together.
I did use AI for help with formatting and polishing the text, but the research, sourcing, and structure are mine. This is a compiled analysis based on real documents, not auto-generated content.
You forgot to lead into it with Platt's poor results from 2014-2016.
You're right. 2014-2016 is crucial context: AUM collapsed from $37B to $8B, BCI underperformed, and they returned $7-8B to external investors. SEC later revealed they'd moved top traders to an internal fund, replacing them with an underperforming algo $170M settlement. The family office structure (and subsequent 50%+ annual returns) only exists because external capital was no longer an option. Adding this update, thanks for flagging.
Update: Added a new section "2014–2016: The Collapse That Created the Family Office" with full sources (SEC, FCA, Forbes, Institutional Investor). Appreciate the feedback.
This looks written by AI
I get why it might look that way, but this wasn’t written from a single prompt. I went through the sources myself, read the filings and documents, pulled out the important points, and then put everything together.
I did use AI for help with formatting and polishing the text, but the research, sourcing, and structure are mine. This is a compiled analysis based on real documents, not auto-generated content.
Either ways appreciate the content - thank you