Platinum in ‘severe organic decay’ after $900m of outflows
Tom RichardsonJournalist
Platinum Asset Management, one of the largest equity investors on the ASX, is in “severe organic decay” after more than $900 million was pulled from its funds last month, according to brokers at Barrenjoey Capital Partners.
The shares fell 2.6 per cent to a record low of $1.335 in early trade on Friday after Platinum on Thursday evening posted its latest outflow figures.
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