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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.