Platinum Asset Management, the funds manager that brought international investing to the masses, looks vulnerable after Regal disclosed a substantial shareholding.
Phil King, the aggressive equities market player behind Regal Funds Management, looks to be trying to engineer a takeover of Platinum Asset Management without bidding himself.
King, who on Tuesday disclosed a 5.5 per cent stake in Platinum, says he will not be making a bid for Platinum. But he would not be surprised if the $1 billion asset management company loses its independence.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
