Latest news with #PlatinumAssetManagement
AU Financial Review
06-05-2025
- Business
- AU Financial Review
Regal says Platinum business a ‘melting ice cube'
Regal Partners said it walked away from its attempt to buy Platinum Asset Management last year because the struggling global equities manager wanted too high of a price for a business that was in rapid outflows. The comments made by chief executive Brendan O'Connor at the Macquarie Australia Conference follows last week's move by rival hedge fund L1 Capital which bought a large chunk of Platinum founder Kerr Neilson's stake and confirmed merger talks between the two asset managers.
AU Financial Review
04-05-2025
- Business
- AU Financial Review
Radical shake-up looms for Australia's wealth and funds sectors
The domestic wealth and funds management sectors are being sideswiped by volatile markets and unrelenting fee pressure, and may look radically different by the year-end, as consolidation forces again sweep the industry. Insignia Financial, Perpetual's wealth unit and Platinum Asset Management are among assets in the crosshairs of mergers and acquisitions, and private equity and Commonwealth Bank-owned Colonial First State may soon join their ranks. And there could be others.
AU Financial Review
01-05-2025
- Business
- AU Financial Review
L1 Capital buys Kerr Neilson's Platinum stake, proposes merger
L1 Capital says it is in discussions to merge with Platinum Asset Management, the high-profile global investment firm founded by billionaire stockpicker Kerr Neilson more than three decades ago. The Melbourne-headquartered hedge fund took a significant stake in Platinum from Neilson on Thursday. It is proposing to merge the companies, with L1 shareholders to own 75 per cent of the combined business.
