ING portfolio manager moving to hedge fund
Keen to try something different, longtime equity specialist Uri Landesman is jumping to arbitrager Platinum Partners
Uri Landesman, head of global growth at ING Investment Management Americas, has moved over to the hedge fund arena as president of Platinum Partners LP, a $500 million hedge fund boutique.
Mr. Landesman, 48, has worked for more than 25 years in the equity investment business. For the past four years, he has at ING, where he managed $1.7 billion worth of pension account assets.
“Something I’ve learned after working for more than 25 years in the equity space is that I don’t see any reason why I or my clients should be limited to equities,” Mr. Landesman said.
Although he will technically be employed by ING for two more weeks, an “amicable” departure afforded Mr. Landesman the opportunity to start working at Platinum Partners today.
Mr. Landesman will be co-managing the firm’s two multistrategy hedge funds, along with managing partner Mark Nordlicht, who founded Platinum in 2003.
Mr. Landesman also will be helping with business development and staff management.
Platinum has 40 employees, including 10 submanagers who specialize in Asian convertible arbitrage, asset-based convertible arbitrage, energy location arbitrage, energy volatility arbitrage, event-driven, long-short equity, physical commodity arbitrage, receivable finance, and quantitative trading.
“I’ve known Mark since the beginning of Platinum, and this is an outstanding investment firm,” Mr. Landesman said. “I’m looking forward to learning more about an entirely new area of investing.”
Platinum hedge funds have generated annualized returns of more than 20% since inception.
Learn more about reprints and licensing for this article.