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This Month
Wall Street tech rout echoes across the ASX, crushing returns
The long and brutal slide in Tesla shares has left big money managers including Pinnacle Investment Management, along with super funds, wearing big losses.
How did it all go so terribly wrong at Kerr Neilson’s Platinum?
It was once the superstar of the funds management industry, making canny stock picks and bold bets, then came a long decline. Can it ever find its way again?
February
PM Capital first bid for Platinum funds eight months ago: sources
This column can now reveal this isn’t the first time PM Capital has lobbed a proposal.
Platinum bloodbath has Regal Partners eyeing up its LICs
Platinum, widely credited as a pioneer among global equities fund managers in Australia, has shrunk to a shadow of its former self.
January
Platinum’s Andrew Clifford shorts Trump bump 2.0
The Platinum co-founder’s multibillion-dollar hedge fund is taking aim at rush to US tech stocks sparked by the president’s return to the White House.
Regal Partners tops $18b as Magellan falters
Phil King’s Regal shows little sign of slowing down as former industry leader Magellan fails to gather its former momentum.
December 2024
Judith Neilson timed Platinum exit to perfection
It takes love to build a business. But knowing when to sell? We’d take the cold calculations of a divorcee over a founder any day.
This one word explains why Regal’s tilt at Platinum collapsed
The two companies are a long way apart on the merits of a tie-up, but both camps can agree on one thing.
Platinum sinks as Regal takeover hopes dashed
More than $1 billion in outflows in October and November have ended the chances of a higher Platinum bid from the hedge fund giant.
Platinum suffers $840m outflows in big blow to turnaround plans
The prominent equities investment house said one institutional investor had pulled $537 million as it disclosed its November funds figures.
November 2024
Platinum founder leads shareholder protest over exec pay
Platinum’s board was hit with a dreaded second strike after founder Kerr Neilson led a shareholder revolt against the company’s remuneration report.
Platinum’s suitors lurk ahead of testy AGM
WAM’s interest in Platinum would be a key talking point at the latter’s AGM at 10am on Tuesday.
October 2024
Platinum Asset Management board meets to vet interlopers
Regal is understood to have convened a board meeting for Monday to attain the final approvals on submitting an improved offer.
D-day looms for Regal’s bid to acquire Platinum Asset Management
Street Talk understands Strapp has called a board meeting for after Friday’s closing bell, presumably to pre-empt Regal’s next move and prepare its response.
Platinum lets in Phil King’s Regal in anticipation of higher bid
The three-decade old global equities firm founded by veteran stock picker Kerr Neilson has agreed to give its would-be suitor access to non-public information.
September 2024
Platinum rejects bid; BlueScope circles Whyalla; BYD’s new ute
Read everything that’s happened in the news so far today.
Platinum rejects Regal’s takeover on value grounds
Regal Funds offered 0.274 of its own shares for every Platinum Asset Management share plus a special dividend. But that wasn’t enough.
Regal’s Platinum play | What US cuts mean for the RBA | Will bank shares ever fall?
This week James and Anthony go inside Regal’s bid for Platinum and question the Fed’s call on rates.
ASX touches record; Regal’s Platinum play; Trump blames Harris
Read everything that’s happened in the news so far today.
Make Platinum great again: Inside Regal’s rescue mission
Platinum has been in decline for a decade. Phil King’s Regal is hot property. This is a deal that speaks to the shifting fortunes of Australia’s funds management sector.