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Showing 1 - 10 of 132 results for %22Platinum Global Fund%22

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
Platinum Investment Management flags it will lose at least $1.4 billion as a partial redemption from institutional clients over the next month, translating to an $18 million hit to revenue. One large client told the fund manager that it intends to rebalance ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... was found to have used all the money to feed his gambling habit. At the time, he was sole director and shareholder of Platinum Perpetual Global Private Wealth. In September 2019, the firm's AFSL was cancelled in September 2019 after he was charged over ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... Platinum Trust Funds of about $130 million. Platinum Trust Funds include eight unlisted managed funds and the Platinum Global Transition Fund. Platinum's newly named chief executive Jeff Peters officially started his new role on January 8 following ...

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 ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... used all the money to feed his gambling habit between July and August 2019 while he was sole director and shareholder of Platinum Perpetual Global Private Wealth, court documents read. One client noticed six unauthorised withdrawals amounting to over ...

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 ...

More than $100k raised at FICAP RockStar

STAFF WRITER  |  WEDNESDAY, 2 AUG 2023
... Magic, Fighting Chance, and Weave. "Together we raised over $100,000, which is something to be really proud of." The platinum sponsors of the event were BlackRock, Challenger, and Ironbark. The gold sponsors were Australian Unity, AZ NGA, BT, Colonial ...

FICAP 2023: Countdown is on

CASSANDRA BALDINI  |  FRIDAY, 21 JUL 2023
... all proceeds going to new charity partners, Feel the Magic, Fighting Chance, and Weave. This year's event is backed by platinum sponsors BlackRock, Challenger, and Ironbark, as well as gold sponsors, Australian Unity, AZ NGA, BT, Colonial First State ...

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 ...

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 ...
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