Platinum Asset Management: Result 2013

In 2013, Platinum enjoyed rapid fund growth and a return of performance fees, but profits only rose 2%. This year should be better.

Shareholders in Platinum Asset Management will have to wait a bit longer for improved investment returns to show up in the company’s financial results – but it should happen eventually and, if markets hold up, it should happen sooner rather than later.

Despite a 33% increase in funds under management (FUM) during the 2013 financial year and performance fees of $5m (compared to $0.2m in 2012), net profit crept up just 2.2%.

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