Platinum Asset Management Has Challenging Path to Returning to Net Inflows
Platinum is an active manager founded in 1994, specializing in global equities. It concentrates on identifying unfashionable stocks with latent business and growth prospects. Platinum is not focused on asset allocation and pays little attention to its benchmarks. As a result, its portfolios often look little like—and returns often don’t resemble—their indexes. The firm has about AUD 15 billion in funds under management, or FUM, and is one of the best known fund managers in Australia.