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Platinum in ‘severe organic decay’ after $900m of outflows

Tom Richardson
Tom RichardsonJournalist

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Platinum Asset Management, one of the largest equity investors on the ASX, is in “severe organic decay” after more than $900 million was pulled from its funds last month, according to brokers at Barrenjoey Capital Partners.

The shares fell 2.6 per cent to a record low of $1.335 in early trade on Friday after Platinum on Thursday evening posted its latest outflow figures.

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    Original URL: https://www.afr.com/markets/equity-markets/platinum-in-severe-organic-decay-after-major-outflows-brokers-say-20230908-p5e31c