Platinum Asset: Result 2012

Poor market sentiment and investment performance are weighing on Platinum. Unfortunately the 2013 year looks just as difficult.

Platinum Asset Management’s net profit for 2012 was almost the same as it was in 2009—around $126m. But there’s one big difference in the funds management group’s results this time around.

In 2009, the company’s funds produced a blistering performance. The International Fund, for example, outperformed by an incredible 34%—see Platinum goes with the flows from 24 Aug 09 (Long Term Buy – $4.57).

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