FUM's up for fund managers

It's been a good couple of years for listed fund managers. James Carlisle weighs up the fortunes of Perpetual, Platinum, Magellan and Treasury.

Fund managers can be some of hairiest stocks on the sharemarket. It’s easy to see why. Their costs are relatively fixed, but their revenues are typically a percentage of the funds they manage. As these funds rise, profits can expand quickly; but the same can also happen in reverse.


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