May
Kerr Neilson held, Judith sold. How bad could it be?
The Platinum Asset Management co-founder sold nearly all his stake in the fund manager on Thursday. His ex-wife is way ahead.
Only one thing matters in L1 Capital’s Platinum merger
Unitholders have been pulling funds out of Platinum’s strategies at a rate of knots. L1 Capital founders Mark Landau and Raphael Lamm will be looking to fix that.
L1 proposes Platinum merger; Tesla seeks Musk successor; Bonkers rally
Read everything that’s happened in the news so far today.
L1 taps MacCap for Platinum Asset Management merger
Macquarie Capital’s head of financial institutions group, Laura Golis, is advising the Melbourne-based hedge fund.
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.
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.
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
Big dogs go to war for Platinum’s $175m honeypot
If there’s one thing we can be sure of, it is that Platinum’s M&A dance didn’t end on Thursday. Its fee-earning assets under management are too tempting.
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.
Phil King’s Regal homes in on biggest M&A target to date: Platinum
Founded by billionaire stockpicker Kerr Neilson three decades ago, Platinum has been in a world of pain as investors have pulled money amid poor returns.
Corporate Australia mourns former BT boss Rob Ferguson
His Bankers Trust colleague Chris Corrigan remembered him as “an individual thinker with an inquiring mind, who never lost his curiosity about how the world works”.
July 2024
Perpetual agitator Rodney Forrest drips with false modesty
Hot Rod’s weird bid for a seat on Perpetual’s board follows a banner first year for his one-person family office.
April 2024
Platinum’s $2.2b Asia fund downgraded by Morningstar post team changes
Influential research house Morningstar has downgraded Platinum’s Asia fund after CIO Andrew Clifford stepped away from the $2.2 billion strategy.
November 2023
How Rupert Myer says Australian business leaders are missing talent
The arts patron and philanthropic leader will challenge Rich Listers to do more to support the arts in Australia.
August 2023
Phil King’s Regal snaps up Chris Mackay’s 6.6pc stake in Magellan
Two of Australia’s best-known fund management houses were hobnobbing after the market closed on Wednesday.
June 2023
Kerr Neilson-backed theatre shines on debut
Review: Bell Shakespeare’s first full production in the new theatre bankrolled by the Rich Lister, Romeo & Juliet, made clever use of the state-of-the-art space.
Antipodes’ Siemens Energy stock pick blows in the wind
When Antipodes’ Jacob Mitchell rolled out his “best idea” at the Morgan Stanley conference earlier this month, audience members couldn’t help but roll their eyes.
May 2023
If Rich Listers had to start over in 2023, what would they do?
We asked 10 Rich Listers, Young Rich Listers and notable entrepreneurs to gaze into the future and imagine they were building their careers from scratch now.
A top fund manager doubts Elon Musk, Andrew Forrest
The co-manager of a new Platinum fund designed to profit from climate change doesn’t believe that Tesla or Fortescue can meet their ambitious goals.
March 2023
Kerr Neilson comes a cropper on Credit Suisse
The one stock Neilson was most bullish on, fatefully, was the Swiss investment giant.