Latest news with #MichaelPlatt
Gulf Today
07-08-2025
- Business
- Gulf Today
A new millionaire settles in the UAE every hour: Dubai real estate leads global wealth migration
The UAE has officially become the world's top destination for wealth migration, attracting thousands of high-net-worth individuals to its thriving economy and tax-free lifestyle. According to the newly released Henley Private Wealth Migration Report 2025, the UAE is expected to welcome 9,800 new millionaires this year, an average of one every hour. This marks the third consecutive year the country leads globally in net millionaire inflow, ahead of Singapore, Australia, and the United States. The reasons behind this surge are clear. The UAE offers zero personal income tax, no capital gains or inheritance tax, long-term Golden Visas, and unmatched political stability. Combined with elite infrastructure and global connectivity, it has made Dubai real estate one of the most attractive markets for global investors in 2025. The report estimates that $63 billion in private wealth will flow into the UAE in 2025, much of it into Dubai's prime property market, luxury developments, and commercial real estate sectors. This inflow reflects both economic uncertainty elsewhere and investor confidence in the UAE's pro-business environment. By comparison, traditional financial hubs are witnessing a sharp decline. The United Kingdom is set to lose 16,500 millionaires in 2025 alone, primarily due to tax reforms, regulatory pressures, and the removal of Non-Dom status. Notable figures have already made the move. Billionaire shipping magnate John Fredriksen and hedge fund founder Michael Platt both relocated to Dubai, citing stability, tax efficiency, and long-term opportunity. But this is not just about individuals. Family offices, investment firms, hedge funds, and tech startups are increasingly shifting headquarters to Dubai, positioning the city as a rising hub for global finance, innovation, and real estate investment. 'This isn't migration; it's a reallocation of global power,' said Dr. Salman Bin Ali, CEO of and Managing Partner at CBA Real Estate. 'Dubai has become the control room for tomorrow's wealth. The most sophisticated investors aren't guessing; they're positioning. And they're choosing certainty, scalability, and sovereignty. That's what the UAE delivers.' With each passing hour, another millionaire makes the move. Dubai is where the future is being built quietly, but definitively.
Yahoo
05-07-2025
- Business
- Yahoo
Billionaire Michael Platt Just Made a Move that Would Please Warren Buffett
Platt has been known for anticipating market shifts and taking appropriate action. This top investor's latest move could be seen as a vote of confidence in American companies. 10 stocks we like better than SPDR S&P 500 ETF Trust › Billionaire investors have proven their talents over the years by producing big returns for clients and for themselves. They don't all make the same moves at the same times, though -- and sometimes they pivot in completely opposite directions. For example, in the past year, Stanley Druckenmiller of the Duquesne Family Office sold all of his Nvidia shares -- but in the first quarter of 2025, Chase Coleman of Tiger Global Management added to his Nvidia position. Both decisions could be winning ones: Druckenmiller locked in his gains on a position he had held for a while; Coleman is positioning himself to potentially benefit from Nvidia's next wave of growth. So, investors don't have to take the exact same path to win in investing. But, in some cases, billionaires do have similar ideas, and this brings me to the subject of Michael Platt and Warren Buffett. Recently, Platt -- the managing director of giant European hedge fund BlueCrest Capital Management -- made an investment move that the "Oracle of Omaha," as Buffett is often called, would applaud. This particular investment is one Buffett himself has held in the recent past -- and one he recommends to every investor. First, though, a quick note on Platt, who oversees $86 billion in assets at BlueCrest and is the U.K.'s wealthiest hedge fund manager. He co-founded the firm back in 2000, and it has operated as a private partnership -- taking no money from outside investors -- for almost a decade. The fund has been very successful, last year recording a 38% gain after delivering a 20% return in the previous year, according to press reports. Platt has been known to anticipate market shifts and effectively take action. For example, in 2007, concerned about a potential market crash, he sold BlueCrest's bank shares -- a move that was key to the firm successfully navigating the financial crisis. He also invests across asset classes, and this diversification has helped him minimize risk and maximize profit over the long term. Now, let's consider one of Platt's recent moves. In the first quarter, the billionaire bought shares of the SPDR S&P 500 ETF Trust (NYSEMKT: SPY), an exchange-traded fund that tracks the performance of the S&P 500 index. This is a new holding for Platt, and he bought 117,163 shares, for a position that represented 2.8% of his portfolio, based on the 13F form he most recently submitted to the U.S. Securities and Exchange Commission. Managers of more than $100 million in U.S. securities must file those forms on a quarterly basis. So, what does Buffett have to say about such an investment? The billionaire has held this ETF in his portfolio in the past, and has even said that he has requested that, upon his death, the trustee of his estate should put most of the cash he leaves to his wife into just such an ETF. Buffett likes S&P 500 ETFs because they allow investors to easily bet on the best U.S. companies as a class -- and he's a big believer in their ability to deliver great returns over time. "American business has done wonderfully over time and will continue to do so (though, most assuredly, in unpredictable fits and starts)," Buffett once wrote in a letter to Berkshire Hathaway shareholders. The SPDR S&P 500 fund is the perfect way to benefit from the growth of American companies because it mimics the index's composition -- and the index includes the top American companies of the moment. I say "of the moment" because the index adjusts its components quarterly, adding and removing members as companies that are driving the economy rise into the ranks of the nation's largest and others drift out. The fund then makes the same moves in its holdings in order to properly track the benchmark index's performance. So, with one simple purchase, Platt -- and other investors in this ETF -- gain exposure to America's finest businesses, and investors don't have to make any adjustments over time. Thanks to the index's regular moves, investors know they'll always have stakes in the most compelling companies of the moment. Platt's purchase of the SPDR S&P 500 fund in the first quarter suggests he expects more gains for the broad market, and considering his solid track record of predicting market trends, there's reason to be confident about that. We could view this as a vote of confidence in American companies. Even better, though, no matter what direction the index takes in the short term, over the long term, it has always advanced. Despite the fact that it has down periods on a regular basis, it has delivered an average annual return of 10%. That means this Buffett-approved investment isn't only a potential winner for Platt -- but it could be a winner for you too, if you buy and hold on for the long haul. Before you buy stock in SPDR S&P 500 ETF Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SPDR S&P 500 ETF Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway and Nvidia. The Motley Fool has a disclosure policy. Billionaire Michael Platt Just Made a Move that Would Please Warren Buffett was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times of Oman
30-06-2025
- Business
- Times of Oman
At least 9,800 millionaires are expected to relocate to UAE in 2025
New Delhi: The United Arab Emirates continues to solidify its reputation as a premier destination for the world's ultra-wealthy, driven by regulatory reforms, favourable tax policies, and long-term residency options such as the Golden Visa, as reported by the Gulf News. According to the latest Henley & Partners Private Wealth Migration Report, at least 9,800 millionaires are projected to move to the UAE in 2025 alone, underscoring the country's appeal to high-net-worth individuals seeking stability and strategic advantage. Norwegian-born shipping tycoon John Fredriksen is among the several high-profile billionaires from around the globe who made the move to the UAE. Fredriksen, long based in the UK, has moved a significant part of his business operations from London to the UAE. Once ranked the UK's ninth-richest individual, Fredriksen cited the British government's decision to scrap the long-standing "non-dom" tax regime as a major catalyst for his relocation. Known for building one of the world's largest oil tanker fleets, his move is seen as symbolic of a broader trend of wealth migration from Britain to the Gulf. Additionally, Michael Edward Platt, British billionaire and hedge fund veteran, Michael Platt, co-founder of BlueCrest Capital Management, has also shifted his base to the UAE. The firm, once Europe's third-largest hedge fund, has managed assets exceeding USD 35 billion at its peak. In June 2025, Platt moved his primary residence and family office to Dubai, continuing a UAE expansion that began in 2022 following regulatory approval for BlueCrest's operations in the region. Shravin Bharti Mittal, son of telecom magnate Sunil Bharti Mittal and Managing Director of Bharti Global Ltd, has also made a high-profile shift to Abu Dhabi. As the founder of Unbound, a global technology investment firm, Mittal represents the younger generation of India's Bharti family. In April 2025, he registered a new branch of Unbound in Abu Dhabi amidst tightening tax regimes in the UK. The Bharti family remains the largest individual shareholder in BT Group Plc. Furthermore, Pavel Durov, the Telegram founder, has called Dubai home since 2017. After leaving Russia in 2014 due to political pressure, Durov and his brother established the encrypted messaging platform's global headquarters in the UAE. Now a UAE citizen, Durov was ranked the world's 120th richest person in 2024 and was previously named the richest expatriate in the UAE by Forbes. In 2023, Arabian Business hailed him as Dubai's most powerful entrepreneur. Nassef Sawiris, Egypt's richest man, Nassef Sawiris, has also chosen the UAE as his financial base. In late 2023, his family office, NNS Group, relocated to the Abu Dhabi Global Market (ADGM). Sawiris controls a 30 per cent stake in OCI NV, a leading global fertiliser producer, and owns significant shares in Adidas and LafargeHolcim. His move reinforces Abu Dhabi's growing status as a global hub for elite wealth management. According to the report of Gulf news, a combination of political stability, robust financial infrastructure, and investor-friendly climate continues to draw the world's most influential entrepreneurs and financiers to UAE. About 9,800 millionaires are expected to move to the UAE in 2025, from hedge fund moguls to tech innovators. Dubai and Abu Dhabi are rapidly becoming the new centres of global wealth and power.
Yahoo
02-06-2025
- Business
- Yahoo
CloudZero raises $56m to enhance cloud cost efficiency solutions
CloudZero, a provider of cloud cost efficiency solutions, has raised $56m in a Series C funding round after achieving triple-digit growth for another year. The round was led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, and a strategic investment from MongoDB. The company plans to leverage the capital to support its efforts to advance AI-driven research and development (R&D), expand its go-to-market strategy, and strengthen its partner ecosystem. BlueCrest Capital Management founder and CEO Michael Platt said: 'Organisations that optimise their cloud costs gain a competitive advantage, while those that neglect cost management risk limiting their growth and innovation.' The company's cloud cost optimisation platform connects engineering decisions to business outcomes, helping teams manage and optimise cloud and AI infrastructure costs. Trusted by organisations such as Coinbase, DraftKings, Expedia, Moody's, and Nubank, CloudZero plans to use the funding to enhance AI-driven cost analytics and forecasting, deepen integrations across developer and finance workflows. Furthermore, the funding will be used by the company to expand its network of strategic partners and cloud alliances. CloudZero CEO Phil Pergola said: 'AI is redefining what's possible — but without a deep understanding of cloud unit economics, innovation becomes unsustainable. 'CloudZero is pioneering a new standard for cloud cost optimisation, giving companies the precision they need to scale cloud and AI responsibly.' CloudZero's platform automates the collection, allocation, and analysis of cloud costs, providing full visibility into operational cloud spend and identifying savings opportunities for engineering teams. In November 2024, CloudZero was recognised as a validated MongoDB technology partner, becoming the first cloud cost management platform in the MongoDB Partner Ecosystem. This partnership includes a new integration with MongoDB Atlas, designed to help customers better visualise and understand their MongoDB expenses. MongoDB Atlas is a multi-cloud developer data platform, which is used by millions of developers and over 50,000 customers. "CloudZero raises $56m to enhance cloud cost efficiency solutions" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
Here's Why Artisan Mid Cap Fund is Seeing Upside Potential in Snowflake (SNOW)
Artisan Partners, an investment management company, released its 'Artisan Mid Cap Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund's Investor Class fund ARTMX returned -7.40%, Advisor Class fund APDMX posted a return of -7.37%, and Institutional Class fund APHMX returned -7.35%, compared to a -7.12% return for the Russell Midcap Growth Index. US equities achieved solid Q4 gains, concluding a strong year. After a period of strong growth stock performance in 2023 and 2024, value stocks gained the lead in Q1 2025. In a risk-averse environment, investors shifted towards lower-volatility equities, especially in the utilities and consumer staples sectors, alongside those with higher dividend yields. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as Snowflake Inc. (NYSE:SNOW). Snowflake Inc. (NYSE:SNOW) offers a cloud-based data platform to support various organizations. The one-month return of Snowflake Inc. (NYSE:SNOW) was 25.74%, and its shares gained 5.52% of their value over the last 52 weeks. On May 05, 2025, Snowflake Inc. (NYSE:SNOW) stock closed at $167.87 per share with a market capitalization of $56.085 billion. Artisan Mid Cap Fund stated the following regarding Snowflake Inc. (NYSE:SNOW) in its Q1 2025 investor letter: "During the quarter, we initiated new GardenSM positions in Baker Hughes, Snowflake Inc. (NYSE:SNOW) and Viking. Snowflake is a leading cloud data warehouse and analytics platform, benefiting from the ongoing shift away from on-premise infrastructure. Its cloud-native architecture enables greater scalability, faster performance and improved efficiency for businesses managing large data sets. We see upside as a new management team refines the company's sales and marketing strategy, aligning it with the growing demand for tools that help organizations organize and analyze data. While competition bears watching, we believe Snowflake is well positioned to help its customers structure data to take advantage of increasingly powerful AI models." Snowflake Inc. (SNOW): Among Billionaire Michael Platt's Stock Picks with Huge Upside Potential A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Snowflake Inc. (NYSE:SNOW) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held Snowflake Inc. (NYSE:SNOW) at the end of the fourth quarter which was 71 in the previous quarter. While we acknowledge the potential of Snowflake Inc. (NYSE:SNOW) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
