![]() In addition it has two listed funds which are Platinum International Fund ( ASX: PIXX) and Platinum Asia Fund ( ASX: PAXX). It has two investment companies listed on the Australian Securities Exchange which are Platinum Capital Limited ( ASX: PMC) and Platinum Asia Investments Limited ( ASX: PAI). Its product range consists of global, regional and sector products for investment. The company operates through two segments: funds management, and investments and other. Platinum Asset Management mainly operates a funds management business. In 2018, Neilson stepped down as Chief Executive Officer and was replaced by Andrew Clifford who was another co-founder of the company. ![]() As a result, Neilsen agreed to forego a performance bonus, an increase in his base salary, and neither granted himself nor exercised options. ![]() Poor results during the 2012 financial year resulted in a 16 per cent fall in net profit, mainly due to a 14 per cent reduction in investment income. In 2007, Platinum Asset Management went public and was listed on the Australian Securities Exchange under the ticker: 'PTM'. The success of the company was attributed to the ability to transcend short-term market investment and focus on long-term returns. It was founded as a specialist company in international equities. In 1994, Platinum Asset Management was founded by Kerr Neilson and several others with the financial backing of George Soros. In 2019, it was ranked by HFM Global as the largest Hedge Fund group in Australia as well as the second largest in Asia-Pacific. ![]() ![]() It is a constituent member of both the S&P/ASX 200 and S&P/ASX 300 indexes. It has been publicly traded on the Australian Securities Exchange since 2007. Platinum Asset Management is an Australian asset management company. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |