Latest news with #PlatinumAssetManagement
AU Financial Review
12-08-2025
- Business
- AU Financial Review
Platinum bets on AI chips and healthcare to lift lagging returns
Platinum Asset Management's largest equities funds have been lagging the market for the best part of a decade, but the firm is banking on large bets in technology and healthcare stocks along with a bullish call on South Korea to lift performance. Platinum's flagship $3.5 billion International Fund has returned just 4.3 per cent so far this year compared to the MSCI All Country World Index's 7.3 per cent advance. Over one year, the difference is more stark with a 3.8 per cent return versus the benchmark's 17.5 per cent, and it's not that much better over three and five years.
AU Financial Review
08-07-2025
- Business
- AU Financial Review
L1 Capital, Platinum seal $16.5b merger agreement
The new $16.5 billion ASX-listed investment firm created by the merger of Platinum Asset Management and L1 Capital aims to be Australia's leading listed management player, L1 co-founder Raphael Lamm said, after terms of the tie-up were finalised. The Melbourne-based fund manager, founded in 2007 by Lamm and Mark Landau, struck a deal to combine with Platinum after it bought legendary investor Kerr Neilson's 9.9 per cent stake in May.
Bloomberg
08-07-2025
- Business
- Bloomberg
Australian Asset Managers Platinum and L1 Capital Agree to Merge
Australian investment firms Platinum Asset Management and L1 Capital have agreed to a merger, according to a statement Tuesday. Under the proposal, Platinum will acquire 100% of L1's share capital and issue new Platinum stock to existing L1 shareholders, according to the statement. Following the merger, L1 shareholders will hold 74% of the merged group, with existing Platinum shareholders holding the rest.
AU Financial Review
18-06-2025
- Business
- AU Financial Review
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.
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.
