Morningstar | Weak Performance Weighs Heavy on Platinum
Platinum Asset Management is a successful Australian fund manager specialising in international equities. An impressive long-term track record brought rapid growth in funds under management in the last bull market, ending in late 2007. Income is predominantly from base management fees on funds with specific mandates. Maintaining a strong long-term investment track record is key to growing FUM and ability to charge high fees. Platinum's largest asset and expense remains its people. Its contrarian style and focus on absolute returns mean that it has little correlation with investment indexes. Free cash flow approximates earnings, with Platinum requiring minimal capital to grow.Platinum Asset Management is a non-operating holding company of Platinum Investment Management Limited. Co.'s subsidiary, Platinum Investment Management Limited, trades as Platinum Asset Management, operates a funds management business. Co. has two main operating segments: funds management, and investments and other.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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