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Platinum Investment Management Faces $958m Mandate Loss, Accelerates Cost Cuts
3:13am on Monday 2nd of June, 2025 AEST
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Financial Services
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Platinum Investment Management Faces $958m Mandate Loss, Accelerates Cost Cuts
3:13am on Monday 2nd of June, 2025 AEST
Key Points
April FUM declined to $9.647 billion from $10.276 billion in March
Net retail outflows of approximately $243 million in April
Institutional mandate worth $958 million terminated effective May 9, 2025
Cost savings accelerated to offset revenue loss impacting FY26 profits
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Platinum Asset Management (ASX:PTM)
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