US - Hedge fund group Platinum Capital Management has hired Eric Munson to run its newly-launched US affiliate.
Prior to this appointment, Munson founded Elmwood Capital and Ananda Capital Management and was formerly managing director of Wentworth, Hauser & Violich – a US$6.0bn (£3.73bn) registered investment advisor.
Platinum – which develops and distributes hedge funds – already has one US long-short equity fund and will launch a US equity market neutral fund aimed at institutional investors in February.
Platinum Capital Management managing director Craig Reeves said: “Platinum’s strategy is to negotiate additional capacity at top performing hedge funds which have already closed to investors.
“A lot of pension funds and a lot of institutions are crying out for really good products that they can’t get access to at the moment.”
Platinum Capital Management runs around US$200m of assets.
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