Hedge Funds Performance

Platinum Partners proves its mettle


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