Street Talk

Platinum’s new boss on firing spree; Clifford out at Asia fund

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 21, 2024 – 11.26am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

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.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.