L1 Capital tweaks Platinum deal terms as merger nears finalisation
Melbourne-based fund manager L1 Capital will retain a greater share of the performance fees associated with its $1.8 billion ASX-listed Long Short Fund as it edges closer to a merger with Platinum Asset Management.
Platinum also said its ownership portion of the merged entity will increase slightly from the initial 25 per cent of the company to 26 per cent as it seeks to lock down terms with L1.
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