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Showing 1 - 10 of 187 results for %22Platinum Asset Management%22

Boutiques, quant funds shine among active funds

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
... might be a top performer, no one strategy can outperform consistently, Ler pointed out, as experience with Magellan and Platinum suggests boutiques struggle to retain an edge longer term. The fund managers analysed may be generally performing in line ...

Platinum names new chief executive, restructures board

KARREN VERGARA  |  MONDAY, 11 DEC 2023
Platinum Asset Management appointed a new chief executive to replace Andrew Clifford and unveiled a new-look board in the hope of stemming outflows and revitalising the business. The $15.5 billion fund manager named Jeff Peters as its chief executive ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
Platinum Asset Management has reported net outflows of $912 million in August, the month also saw the resignation of founder and chief executive Andrew Clifford. The outflows were largely driven by a previously disclosed $650 million redemption from ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Platinum Asset Management chief executive Andrew Clifford has announced he will vacate the top job but remain as co-chief investment officer. The board confirmed it will shortly commence the hunt for Platinum's next chief and said Clifford will ...

MA Financial Group expands research team

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... spent three years at the firm from 2018 before landing similar roles at Bennelong Equity Partners and Platinum Asset Management. Commenting on the appointments, Moelis Australia head of research Edward Day said Hissey and Tweedie are "seasoned analysts ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... corporate deals. Other managers that lost significant amounts in their unit trusts were Magellan ($5.5bn), Ardea ($3.5bn) and Platinum ($2.7bn) because of disappointing performance. Vanguard lost $3.1 billion from its unit trust business but had positive ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
Platinum Asset Management has copped a $232 million loss to its net outflows over the 2023 financial year and told investors it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) ...

Active fund managers historically underperform: SPIVA

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... active fund managers continue to struggle not only over an extended period but in the current tumultuous environment. Platinum's earnings, for example, are exposed to equity market gyrations, ultimately earning a "high uncertainty" rating. "It sells ...

Hearts & Minds appoints chief investment officer

JAMIE WILLIAMSON  |  TUESDAY, 14 MAR 2023
... equities business. He had been there since 2015. He has previously held investment roles with Perpetual, Platinum Asset Management, and Schroders. He also currently serves as chair of the Australian Fund Manager Awards Foundation and chair of Surf Aid ...

Platinum Asset Management adds stewardship lead

RACHEL ALEMBAKIS  |  FRIDAY, 10 FEB 2023
Platinum Asset Management has hired a head of stewardship. Julia Bailey joins Platinum Asset Management from Melior Investment Management, where she was head of advocacy. Platinum head of investment Douglas Isles cited Bailey's almost 20 year-experience ...
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