Platinum’s new boss on firing spree; Clifford out at Asia fund
If you, like us, were left scratching your head after Platinum Asset Management’s February 29 market release ominously titled “PTM announces turnaround is required and underway”, here’s some detail on what’s going on behind the scenes.
Co-founder and co-chief investment officer Andrew Clifford, who previously managed 45 per cent of Platinum Asia, has ceded direct influence on the $2 billion-plus strategy, which has been taken over by Cameron Robertson. Kirit Hira, who oversaw a 10 per cent slice, is also off the fund.
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