Platinum, a renowned asset management firm, witnessed a significant surge in outflows, exceeding 120% as its co-chief investment officers decided to step back from their roles. The firm, Platinum Asset Management, reported a notable decrease in its funds under management (FUM) from $10.99 billion in January to $10.76 billion in February. During the month, Platinum…

PM Capital’s interest in acquiring Platinum funds has been ongoing for the past eight months, according to sources familiar with the matter. The PM Capital Global Opportunities Fund recently confirmed its non-binding proposals to acquire two funds under the control of Platinum Asset Management. This recent bid by PM Capital is not their first attempt…

Platinum Asset Management has recently made strategic moves in talent acquisition, leading to the winding up of BML Funds. The departure of BML’s chief investment officer, Ted Alexander, to join Platinum has triggered this development. With BML Funds managing assets worth $1 billion, the transition signifies a significant shift in the management landscape. The announcement,…

Platinum, along with other precious metals, experienced a decline amidst escalating trade tensions, impacting the overall market sentiment. Gold, known for its historical highs, saw a pullback below the significant $3040 level as traders engaged in profit-taking activities. The market closely monitored if gold would stabilize below $3025 and potentially move towards the support range…

Platinum Asset Management, a prominent investment firm, has recently experienced significant leadership changes within its investment team. Co-chief investment officers Andrew Clifford and Clay Smolinski have decided to step down from their respective roles, marking a notable shake-up in the company’s management structure. Andrew Clifford, who boasts an impressive 31-year tenure at Platinum and previously…

Platinum prices have seen a significant surge, challenging the resistance level at $1020 amidst a rally in the precious metals market. Gold, silver, and platinum have been the focus of market forecasts, with platinum particularly standing out as it tests the resistance range of $1015 to $1020. Gold, a key player in the precious metals…

Platinum prices have been steadily rising, approaching a significant resistance level due to robust demand in the market. Alongside gold and silver, platinum has seen a surge in interest from investors. Gold, known for its stability, has been testing the crucial $3000 mark, indicating a bullish trend. Silver, on the other hand, experienced a slight…

Platinum Asset Management, once an investment powerhouse under the leadership of Kerr Neilson, has experienced a significant downfall in recent times, prompting questions about its future trajectory. The company, known for its astute investment choices and willingness to take calculated risks, now finds itself in a state of decline. This shift in fortune is exemplified…

Platinum prices are on a significant upward trajectory, approaching the crucial milestone of $1000 as demand for precious metals continues to surge. This surge in platinum value is part of a broader trend in the precious metals market that also includes gold and silver. Gold, a traditional safe-haven asset, is making strides as it aims…

Platinum Asset Management is facing a severe crisis as its stock takes a significant nosedive, prompting Regal Partners to consider the acquisition of its LICs. This downturn underscores the ongoing challenges within the company, casting doubts on the effectiveness of its management’s repeated efforts to steer the firm in a positive direction. With a notable…