No easy fix for Platinum’s woes, says Barrenjoey
Long-suffering shareholders in Platinum Asset Management can’t catch a break. Now, the return of investing success is having an unintended effect on profitability.
A turnaround in performance of the $18 billion fund manager’s flagship international strategy late last year could be the catalyst it needs to prompt a return to inflows. But analysts are focused on issues at the business level, as its latest result showed declining revenue and rising expenses.
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