Platinum Asset: Interim result 2014

This fund manager seems to be getting the wind behind it, not to mention some performance fees.

A 40% rise in funds under management and performance fees of $24m have driven a 51% increase in half-year revenues at Platinum Asset Management, to $162m, and a 68% rise in net profit to $105m. Without the performance fees, revenues would have risen 36% and net profit 44%.

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