New York Post

Seabrook-union pension twistst

- Kaja Whitehouse

Troubled hedge fund Platinum Partners — which is holding $20 million in pension money for the city’s prisonguar­ds union — is officially under new management, The Post has learned.

A Cayman Islands judge has ordered that liquidatio­n firm RHSW Caribbean take control of Platinum’s flagship fund amid concerns about its ability to repay investors, according to a letter to investors obtained by The Post.

The new managers said they plan to meet with Platinum’s investors, including the Correction Officers’ Benevolent Associatio­n, on Sept. 28.

Ex-COBA president Norman Seabrook (right) invested members’ pension money in Platinum, as well as the union’s operationa­l funds.

Investors have been clamoring for answers following the June arrest of Platinum co-founder Murray Huberfeld, who was charged with paying bribes to get his hands on COBA’s money from Seabrook, who has also been charged in the alleged scheme. e.

In July, Platinum’s New York k offices were raided by the FBI.

The Post reported exclusivel­y lastst week that Cayman Islands Judgeg Andrew Jones ordered that RHSW take control of the internatio­nal arm of Platinum’s flagship fund, which is s based in the Caymans, after an invesstor claimed he has not been able toto gain access to his money since 2015.

A Platinum spokesman declined to comment.

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