Platinum

Funds management

Platinum NPAT halves amid $1.6bn retail outflows

Platinum Asset Management has seen its profits halve in the first half of FY25 to $15.9 million, attributed to the lower FUM after experiencing $1.6 billion in retail out...

Funds management

Platinum makes major investment team shake-up

Platinum Asset Management has announced co-chief investment officers Andrew Clifford and Clay Smolinski are to step down from their roles....

Funds management

Platinum reports lowest outflows in 18 months

Platinum Asset Management has announced an easing of the outflows experienced in 2024, reporting its smallest outflows in 18 months....

Funds management

The 3 fund managers set to be hit by client redemptions

Morningstar research of seven active Australian asset managers has found they are expected to see client redemptions averaging 3.1 per cent of their FUM per annum through...

Funds management

Platinum appoints Northern Trust for $11bn mandate

Platinum Asset Management has appointed Northern Trust to provide asset servicing solutions for their $11 billion Australian funds. ...

Funds management

Platinum outflows improve by 65%

Platinum Asset Management has released its latest funds under management, with outflows notably improving from the $841 million lost in November. ...

Funds management

Verdict reached on Platinum/Regal acquisition

Platinum Asset Management and Regal Partners have reached an agreement regarding whether to proceed with an acquisition following a period of due diligence, as Platinum o...

Funds management

Platinum sees initial ‘green shoots’ from turnaround

Platinum chief executive Jeff Peters says the firm’s turnaround strategy is beginning to demonstrate its first “green shoots” amid slowing outflows and improved investmen...

Funds management

Platinum returns to FUM decline as it awaits revised Regal bid

Platinum Asset Management has announced its funds under management fell during October, a return to outflows after a gain in the previous month. ...

Financial planning

The 2 factors driving wealth management M&A boom

The wealth management sector is bucking the global trend of declining M&A and two industry-specific factors could mean it sees a further uptick in 2025, according to Delo...

Funds management

Platinum reports first FUM rise in 7 months

Platinum Asset Management has seen its first rise in funds under management in seven months, helped by positive investment performance. ...

Funds management

Platinum board reaches unanimous verdict on Regal bid

The board of Platinum Asset Management has reached a “unanimous conclusion” regarding a proposal from Regal Partners to acquire the company....

Funds management

Rival managers eye Platinum Asset Management bid

It is understood that Regal Partners is not the only asset manager taking an interest in a bid for Platinum Asset Management with multiple firms expected to emerge....

Funds management

Should Platinum proceed with Regal merger?

A potential acquisition of Platinum Asset Management by Regal Partners will be beneficial for the “challenged” fund manager, believes Morningstar, but it has warned fund ...