Platinum Trust News Today

Platinum Asset Management has seen redemptions plateau in May following heavy outflows in the past two m

A central hub for investors to keep up to date with all the latest news, announcements and changes occurring in the market.

Platinum Asset Management has reported its latest funds under management figures, with the firm forecasting a further $1.2 billion in redemptions ahead from its institutional and wholesale business.

Take a look at the buy, hold and sell recommendations for the week of 18th March 2024 from 3 top experts.

Hot on the heels of announcing its turnaround strategy, Platinum Asset Management has shared its latest fund under management figures, reporting its largest outflows for six months.

Take a look at the buy, hold and sell recommendations for the week of 27th November 2023 from 3 top experts.

Platinum Asset Management has reported net outflows of $912 million in August, the month also saw the resignation of founder and chief executive Andrew Clifford.

The Commission in its order made it clear that going forward, any disregard to the conditions for availing the green channel would be dealt with seriously.

In December 2022, the Competition Commission of India (CCI) received a notice jointly given by Platinum Trust, acting through Platinum Trustee, and TPG Upswing in relation to the combination. The regulator noted that the UPL SAS acquisition has been consummated on or before February 17 2023, as the notifying parties (ADIA and TPG) gave the notice under the facility of green channel approval.

Platinum Asset Management has copped a $232 million loss to its net outflows over the 2023 financial year and told investors it only recorded performance fees of about $1 million.