Platinum fires on all cylinders


A broad array of successful trades has enabled Platinum Management's $570 million multistrategy fund to produce stellar returns for the year thus far.

Platinum Partners Value Arbitrage Fund, managed by Mark Nordlicht and Ari Glass, netted 4.96% in October, taking it to 41.69% for the year. By comparison, the Absolute Return Multistrategy Index gained 2.06% for the month to put it up 9.79% year to date. Since inception in January 2003, Platinum has netted an annualized return of 23%.

The multistrategy fund benefited from strong performance across several books in October. "Historically, we have had two or three strategies outperform