Patience pays off

Finding new funds and managers to invest in at Platinum Capital Management, let alone producing Platinum-branded portfolios from them, is a long and meticulous process for the London hedge fund manager.

Craig Reeves, managing director at Platinum, has recently launched a new distressed debt fund specialising in US corporate issues, the Platinum Turnberry Fund.

Platinum started talking to the New York-based managers of the onshore Turnberry fund in June 2002, increasing the allocation to the

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