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Platinum Asset Management Reports Decrease in Funds Under Management and Announces Cost-Saving Measures

Story Highlights
  • Platinum’s FUM decreased due to lower equity markets and moderated net retail outflows.
  • Termination of a $958m institutional mandate will be offset by cost-saving measures.
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Platinum Asset Management Reports Decrease in Funds Under Management and Announces Cost-Saving Measures

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Platinum Asset Management Ltd ( (AU:PTM) ) has shared an announcement.

Platinum Asset Management Limited reported a decrease in its funds under management (FUM) from $10,276 million in March 2025 to $9,647 million in April 2025, attributed to lower equity markets and moderated net retail outflows. Additionally, the company announced the termination of an institutional mandate worth approximately $958 million, effective May 9, 2025. This loss in revenue is expected to be counterbalanced by accelerated cost-saving measures planned for the fiscal year 2026.

More about Platinum Asset Management Ltd

Platinum Asset Management Limited is a financial services company based in Sydney, Australia, specializing in investment management. The company offers a range of managed funds focusing on international and regional equity markets, catering primarily to retail and institutional investors.

YTD Price Performance: -5.64%

Average Trading Volume: 14,750

Technical Sentiment Signal: Buy

Current Market Cap: €217.8M

See more insights into PTM stock on TipRanks’ Stock Analysis page.

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