This Month
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.
- Myriam Robin
October
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Joshua Peach
September
- Opinion
- Chanticleer
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.
- Anthony Macdonald
- Opinion
- Chanticleer
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.
- James Thomson
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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”.
- Updated
- Joshua Peach
July
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.
- Mark Di Stefano
April
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Tom McIlroy
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Michael Bailey
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.
- Jessica Sier
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.
- Exclusive
- Monday fundie
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.
- Aaron Patrick
March 2023
Kerr Neilson comes a cropper on Credit Suisse
The one stock Neilson was most bullish on, fatefully, was the Swiss investment giant.
- Joe Aston
February 2023
- Exclusive
- Healthcare
Forrest’s Tenmile backs start-up solving a looming healthcare crisis
The mining billionaire’s health tech fund has chipped in to the company’s $26 million round, along with Platinum International Healthcare Fund and Northpond Ventures.
- Yolanda Redrup
Platinum boss defends dual role against Neilson attack
Andrew Clifford, says the business is served well by him performing the CEO and co-CIO roles barring a substantial increase in funds under management or business complexity.
- Kanika Sood
- Opinion
- Chanticleer
The fight for the soul of Platinum isn’t over
Platinum Asset Management CEO and chief investment officer Andrew Clifford has wisely dodged a public spat with co-founder and critic Kerr Neilson. But has he done enough to placate his former mentor?
- Updated
- James Thomson
- Opinion
- Sharemarket
Celebrity fund managers on the nose as alternative models soar
The halos around celebrity fund managers like Neil Woodford and Cathie Wood have slipped on the back of ridiculous claims and investment blow-ups.
- Tom Richardson