Platinum Capital Management is to launch Platinum Europe Select, a fund focused primarily on Special Situations investment in French equities.PARA_BREAK_SENTINEL_9f8e7d6c

Platinum Capital Management is to launch Platinum Europe Select, a fund focused primarily on Special Situations investment in French equities.

Euro-Select is structured as an absolute return fund offering consistent long-term capital appreciation largely independent of market fluctuations.
 
Euro-Select's performance engine is an investment programme launched in May 2000 that has generated average annual returns to end-December 2005 in excess of 13.2% per year using no leverage and few short positions. The Fund's manager (based in France) has a 20-year investment track record and currently manages assets in excess of USD 3.6 billion.
 
The Cayman Islands domiciled Fund, employs a value-driven approach to investment with bottom-up analysis and a focus on individual stock-picking skills. These may be employed to support the value-driven equity strategy or, particularly in the current environment, to exploit the increasing opportunities within the Merger- Arbitrage sector in continental Europe.

The 30-strong management team invests in companies likely to be in a special situation (for example a bid, de-merger, takeover battle etc) within 18 months from the time of the investment.  
 
'Platinum Euro-Select brings the talents of its exceptional management group and their impressive investment programme to an international audience of institutional and high net-worth investors,' says Peter Sprecher, Chairman of Platinum Capital Management. 'With its foundation in traditional stock-picking skills, Euro-Select could be interpreted as something of a new departure for us but, at Platinum, we are always on the look-out for the best investment talent available and we are confident that in Euro-Select we have found just that.'   
 
Euro-Select's investment approach applies no particular restriction to the size of the companies in which investments are made. For example in September 2005, investment allocations (in the underlying fund) were: