Fund managers spring a leak

Investors have been swearing off equities. That’s not great news for funds management businesses like Perpetual and Platinum Asset Management.

In October 2010 private equity firm Kohlberg Kravis Roberts & Co (KKR) announced a non-binding takeover offer for Perpetual at $38-$40 a share. It was confirmation that, with the right management—and a little help from Mr Market—the funds management company was worth more than its then share price of around $30.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles