Platinum Partners
Platinum Partners was a New York-based hedge fund founded in 2003 by Youval Peltier, managing alternative investment strategies for investors. The fund subsequently collapsed, leading to investor losses and ongoing litigation against its auditor BDO USA.
- Company typePrivate
- Founded2003
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Platinum Partners does
Platinum Partners was a New York-based investment management group operating as a hedge fund. The firm was founded in 2003 and operated from New York, United States, with a headcount of 11-50 employees. Youval Peltier served as Founder and Chief Investment Officer. The firm's revenue model would have been based on conventional hedge fund economics — management fees on assets under management and performance fees on investment returns — though no specific fee schedule, AUM, or revenue figures are disclosed in the available sources.
The fund's operating history includes audited financial statements prepared by BDO USA covering fiscal years 2012 and 2013. Following an unspecified later period, Platinum Partners collapsed, resulting in investor losses. Investors subsequently pursued legal action against the fund's auditor, BDO USA, alleging negligent auditing. An arbitration panel ordered BDO USA to pay over $9 million to investors, and a New York judge affirmed the award — a development noted as weakening the 'near-privity' doctrine. The fund is currently documented as closed and no longer operating as a going concern. No product or service offerings beyond investment management are disclosed.
Platinum Partners firmographics
Firmographics- Name
- Platinum Partners
- Legal name
- Platinum Partners
- Website
- https://platinumlp.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Closed
- Headcount range
- 11–50 employees
- Short description
- Platinum Partners was a New York-based hedge fund founded in 2003 by Youval Peltier, managing alternative investment strategies for investors. The fund subsequently collapsed, leading to investor losses and ongoing litigation against its auditor BDO USA.
- Ownership category
- akta.pro rank
Platinum Partners industry classification
Industry- Product category
- Hedge Fund Management
- NAICS
- Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro industry
- Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit)
Keywords
Where Platinum Partners is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Platinum Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Platinum Partners product offering
Product offeringCore offering
Platinum Partners was a New York-based hedge fund and investment management group founded in 2003 that managed pooled investor capital through alternative investment strategies. The firm deployed capital across securities and other investment vehicles for its institutional and high-net-worth investor base from its New York headquarters.
Product overview
No product or service information available in the source data. The provided source material consists of a news article regarding a legal dispute between BDO USA and investors in Platinum Partners hedge fund, and a webpage containing only a privacy policy link without substantive company content.
Differentiator
Problem solved
Functional benefit
Products and services
- Platinum Partners Hedge Fund Alternative investment management fund that pooled investor capital for deployment across securities and other investment vehicles, targeting institutional and high-net-worth investors.
Companies that use Platinum Partners
Customer profileIdeal customer profiles1 record
Platinum Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Platinum Partners partnerships and signals
Strategic signalScale indicators1 record
Recent moves3 records
Platinum Partners competitors and assessment
Company assessmentBroad incumbents
- Citadel LLC: Major Chicago-based multi-strategy hedge fund and financial services firm. Comparable in offering multi-strategy hedge fund products, but materially larger and more diversified than Platinum Partners.
- Two Sigma Investments: Large New York-based hedge fund and technology-driven investment manager. Comparable in product category (hedge fund / alternatives) but significantly larger and broader in scope than Platinum Partners was.
Direct peers
- Point72 Asset Management: Stamford/New York-based multi-strategy hedge fund firm managing billions for primarily institutional and qualified investor capital. Closely comparable in profile to Platinum Partners as a NY-anchored alternative asset manager focused on multi-strategy investing.
- Sculptor Capital Management: New York-based alternative asset manager (formerly Och-Ziff Capital Management) running multi-strategy credit and equity hedge funds. Comparable to Platinum Partners in focus and structure as a NY-based hedge fund manager.
- Balyasny Asset Management: Chicago and New York-based multi-strategy hedge fund firm using a pod-based platform. Comparable to Platinum Partners in offering multi-strategy alternatives exposure to institutional clients.
- Moore Capital Management: New York-based hedge fund founded by Louis Bacon, focused on global macro and discretionary strategies. Comparable to Platinum Partners as a NY-anchored alternative asset manager.
- ExodusPoint Capital Management: New York-based multi-strategy hedge fund manager founded by former Millennium partners. Directly comparable to Platinum Partners as a NY-based alternatives manager pursuing diversified hedge fund strategies.
- Millennium Management: Large New York-based multi-strategy hedge fund platform employing a pod-based investment structure. Directly comparable as a competing NY multi-strategy hedge fund serving institutional and HNW investors.
- SAC Capital (pre-closure reference): Steven Cohen's predecessor hedge fund that faced a major insider-trading scandal, paid record fines, and converted to Point72. Highly comparable precedent for a NY-based hedge fund that collapsed due to legal/regulatory issues and required restructuring.
- Schonfeld Strategic Advisors: New York-based multi-strategy hedge fund firm. Directly comparable as a NY-anchored alternatives manager running diversified investment strategies for institutional investors.
Market position
Weaknesses4 records
Competitive moat2 records
Key risks6 records
Customer concentration
Platinum Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Platinum Partners leadership team
Management profileNumber of profiles
Profiles1 record
Platinum Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Platinum Partners M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Platinum Partners
What does Platinum Partners do?
Platinum Partners was a New York-based hedge fund and investment management group founded in 2003 that managed pooled investor capital through alternative investment strategies. The firm deployed capital across securities and other investment vehicles for its institutional and high-net-worth investor base from its New York headquarters.
Is Platinum Partners a public or private company?
Platinum Partners is a private company. It is classified as founder individual operated bootstrapped and is currently closed.
When was Platinum Partners founded?
Platinum Partners was founded in 2003. It employs 11 to 50 people.
Where is Platinum Partners based?
Platinum Partners is headquartered in New York, United States, in the North America region.
Who are Platinum Partners's main competitors?
Broad incumbents on record are Citadel LLC and Two Sigma Investments. Direct peers are Point72 Asset Management, Sculptor Capital Management, Balyasny Asset Management, Moore Capital Management, ExodusPoint Capital Management, Millennium Management, SAC Capital (pre-closure reference) and Schonfeld Strategic Advisors.
Does Platinum Partners have an API?
No public API is recorded for Platinum Partners.
What industry is Platinum Partners in?
Platinum Partners's product category is Hedge Fund Management. Its primary akta.pro industry code is FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 5239 and its SIC code is 6282.