FBI Raids Platinum As Hedge Fund Returns, Operations Come In Focus

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Mark Melin
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The already troubled hedge fund Platinum Partners, under investigation in a previous bribery scandal, is having its offices raided by federal agents on a different matter, Bloomberg is reporting.

Platinum partners

Platinum Partners offices raided Wednesday in new investigation

An official hedge fund source is confirming reports from sources that the midtown Manhattan offices of the hedge fund were being raided by the Federal Bureau of Investigation and the U.S. Postal Inspection Service.

“Platinum Partners is in receipt of a search warrant from law enforcement and are fully cooperating,” Montieth Illingworth, a spokesman...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.