Platinum’s revenue and profit tumbled as below-market performance prompted more clients to pull their money out of its global equities funds.
A 15 per cent decline in assets under management to $13 billion weighed on 2023-24 revenue and profit as almost all of its funds lagged their respective indices.
Loading...
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
