Platinum Capital Management has launched a multi-strategy fund of hedge funds called Platinum Portfolio.
The company says the managers it has chosen have proved to be profitable and durable in a range of market conditions with historically calculated returns of +16.81% in the eight years to end-September 2004.
The Platinum Portfolio currently combines six Platinum funds each with a low correlation to the others and each focused on a different strategy within the alternative investment space. The funds are: Platinum Portfolio. The funds included in the portfolio are: Platinum Premier, Platinum All Weather, Platinum Turnberry, Platinum Washington, Platinum Dynasty and Platinum Equity Plus (which is, itself a multi-strategy fund focused on long/short equity investment). The objectives of the Portfolio components vary from achieving strong long-term absolute returns with no leverage risk to excellent relative returns in different economic climates.
Minimum investment in Platinum Portfolio is £30,000, US$50,000 or EUR50,000. The minimum has been kept relative low to accommodate current investor enthusiasm to access the majority of Platinum funds without having to meet each individual investment requirement.
“Platinum has successfully invested our money and that of our clients with the underlying managers for up to 5 years,” says Peter Sprecher, Chairman, Platinum Capital Management. “Through Portfolio, we aim to give our clients access to a broad variety of managers who previously have, in the past, brought Platinum huge success.”
The Platinum Portfolio offers diversification in a hedged portfolio of equities through the following key strategies: Market Neutral – US Equity, Relative Value Debt – US, Fixed Income – Interest Rate Arbitrage, Multi-Strategy – global, Long/Short – China/Asia Equity and Long/Short – US Equity.
Craig Reeves, Managing Director, Platinum Capital Management adds that “what is new and exciting about the Platinum Portfolio is it offers investors actual historical returns with full transparency – not many new multi-strategy products do this today. With the growing issues surrounding transparency, we felt this to be an ideal time for Platinum to launch such a product.”
The Platinum Portfolio has no initial fee or bid offer spread.