View more on these topics

Platinum hedge offers minimum 30k investment

Platinum Capital Manage-ment has created a multi-manager hedge fund of funds with a minimum investment level of 30,000 – half the amount it usually sets for its products.

Platinum portfolio currently combines six of the company’s hedge funds but a seventh fund may be added next year. The underlying funds are managed by a range of companies which includes US-based Washington Asset Management, Shanghai-based Dynasty Asset Manage-ment and London-based City Fund Management.

Together, the underlying funds diversify across hedge fund strategies on a global basis. Platinum premier invests in UK, US and European government securities using long/short strategies and interest rate arbitrage, while Platinum all weather invests long and short in companies listed on the S&P 500 index.

Platinum dynasty applies the long/short strategy to Chinese equities, Platinum Turnberry invests in distressed US debt and Platinum Washington invests in US equities using long and short strategies.

The Platinum equity plus hedge fund of funds invests in at least 20 hedge funds, some of which are now closed to new business.

Each of Platinum’s funds has a minimum investment level of 60,000 but the company wants to offer investors the chance to access more than one fund without meeting the individual investment levels of each fund.

Platinum Group managing director Craig Reeves says: “What makes us different is that we have had money with the underlying managers for up to five years, so we’ve seen how they perform across all stages of the economic cycle. It also makes Platinum portfolio more transparent as we get more information than typical investors because of the relationships we have built up over the years.”

Recommended

Charcol unchained

Charcol appears to be on the verge of becoming a force separate from Bradford& Bingley once again, with some of the founders reunited with the current team. Money Marketing understands that a deal is now going through its final stages. For consumers and lenders who believe in a strong, efficient mortgage market, this is very […]

IFA to talk with FSA on restitution

The IFA contesting a restitution order being made by the FSA in the High Court has been given until December to strike a deal. Bill Matthews, a partner with William’s Life Pension Mortgage and Insurance Services, will hold discussions with the FSA for compensation and costs over a pension review.

NATIXIS PORTFOLIO CLARITY – UK Portfolio Barometer

Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment