News
Platinum shares plunge on FUM losses and restructuring

Thursday 4th of April 2024
The loss of FUM reflects “one large client indicating that it intends to rebalance its exposure away from benchmark agnostic global equity managers” and will reduce Platinum's annualised fee income by about A$18 million.
“We are acting swiftly to implement the changes required as part of the reset phase,” Peters said.
“I would like to reiterate...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read