Platinum Partners lived up to its name in 2008, proving to investors that its value lies in managers' ability to preserve capital. In a year when over 60% of hedge funds lost money, Platinum Partners Value Arbitrage Fund ended on an up note.
In December, the $600 million multistrategy vehicle, which focuses on uncorrelated strategies and places a high emphasis on risk management, returned 1.1%, taking its full-year returns to 4.25%. Since inception in January 2003, the fund has netted average annual returns of 20%. By comparison, the Absolute Return Multistrategy Index lost 0.81% in December and ended