WHITE PLAINS, N.Y.–Next week, Paul Platkin will become chief investment officer at Robeco-Sage Capital, leaving his post at General Motors where he oversaw the corporate pension funds’ foray into hedge funds of funds.
As general director of the absolute return strategies unit at New York-based GM Asset Management, Mr. Platkin was responsible for more than US$800 million in hedge fund assets that were part of the companies’ US$80 billion pension fund. John Stevens, a portfolio manager at GMAM, will replace Mr. Platkin, who spent nine years at General Motors.
Mr. Platkin will lead Robeco-Sage’s portfolio construction and due diligence work in a newly created position at the firm. He also will become a member of the firm’s investment committee, which includes Robert A. Friedman, Peter A. Levy and Ronald S. Tauber, who are founding partners and senior managing directors, and Anne B. Farrell, managing director. According to the firm, Mr. Platkin will help strengthen Robeco-Sage’s management team in its relationship with investors and in the institutional marketplace.
A fund of funds manager, Robeco-Sage is the product of the 2002 acquisition of Sage Capital Management by Robeco Groep, NV, a Netherlands-based asset management firm that is part of Rabobank. In its 2002 annual report, Robeco reported growth in hedge fund assets in the United States due to its purchase of Sage Capital. The firm has US$350 million in funds of funds assets, while Robeco Groep overall has US$2 billion in alternative assets.