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Around $80 million which is less than 10% of what the firm owes in total is planned to be given back to investors in the coming months by Hedge Fund Platinum Partners, according to people familiar with the matter of Bernard Fuchs pulled some of his money for charitable donations.

As of this summer, it is said that it had $1.25 billion under management because of this Platinum is subject to a federal investigation.

Investors are told by its executives recently this month, that they hope to return entirely the sum over time, however they have not definitely mentioned as to when they will do it so.

One of the firm's co-owners, Bernard Fuchs seems to be among those who will be paid first, the source said. The 70 year-old co-owner had requested last year to withdraw some of his money even if he encouraged other investors to stay put.

Mr. Fuchs confirmed that he had requested the money back for charitable reasons in line with his foundation. He stated that the withdrawal was constituted "a fraction of money in my fund."

As federal investigators conducted a fraud probe, the Platinum's first planned of pay back to investors came in. Platinum has noted of their reports of some most inconsistent returns in the hedge-fund industry. Furthermore, Murray Huberfeld, Platinum co-founder was arrested in June for his role in the alleged bribery of a New York City Correction Officer's Benevolent Association official in an exchange for an investment. The union official and Mr. Huberfeld refused the wrongdoing accused to them. Platinum then declared that it would hold off all redemptions and move to liquidate, at that very same month when Mr. Huberfeld was arrested. The firm said that it cooperates in the investigation process.

The question of how much will be repaid to the investors Platinum can afford is the center to the uncertainty that evolves the firm. Federal authorities are questioning whether platinum misstated the value of its investment, which covers assets such as loans to struggling companies. Earlier, a Platinum spokesman said that it stands behind its performance record, according to report published earlier this year by Wall Street Journal.