Latest Asset Management News

Platinum Asset Management has entered preliminary talks with L1 Capital about a potential merger that would combine their funds under management to approximately A$18 billion. L1 Capital has also acquired a significant stake in Platinum, signaling serious intent in this strategic consolidation.

GPT Group unveiled a strategic pivot towards co-investment alongside capital partners, reporting resilient 2024 earnings and expanding its retail management platform through key partnerships and asset acquisitions.

Pilot Energy confirms regulatory compliance and operational progress at the Head Field, advancing the repurposing of Cliff Oil infrastructure into a carbon storage facility as part of the Mid West Clean Energy Project.

Seafarms Group has completed a $6.83 million sale and leaseback deal with Mainstream Aquaculture, ensuring continued prawn farming operations at Cardwell through early 2026 and beyond. This strategic move supports ongoing growth amid strong domestic and international demand.

Prominence Energy reported steady progress on its uranium remediation and gas exploration projects while managing costs amid a constrained cash position. The company is poised to unlock value from key assets as it navigates funding challenges.

Oldfields Holdings Limited reports solid progress in Q3 FY2025, driven by strategic transformation, debt reduction, and a robust sales pipeline supporting a positive outlook for the second half of the year.

Clime Investment Management has been appointed lead manager for a significant US public offer fund by Sphinx Investments, with initial allocations of $183 million AUD pending SEC approval. The move marks a strategic expansion into the US market, complemented by new wholesale offerings and a partnership with a Dallas-based equities manager.

Cardiex Limited reported a $2.06 million cash outflow for Q3 2025 but is driving cost savings and new revenue streams while planning a capital raise to reach positive cash flow.

Celsius Resources has locked in a USD 76.4 million bridge loan from the Philippine sovereign wealth fund to advance early development of its flagship MCB copper-gold project, while raising A$3.3 million through a share placement to bolster its balance sheet.

EVE Health Group has executed a binding agreement to acquire Australian biotech Nextract, targeting rapid-onset treatments in the $16 billion global erectile dysfunction and dysmenorrhea markets. The acquisition, supported by a $1.5 million capital raise and share consolidation, marks a strategic shift into regulated pharmaceutical channels.

Southern Hemisphere Mining has extended the strike of its Cerro-Ferro copper system by 15% to 2.2km and confirmed strong geophysical correlations at Llahuin, setting the stage for deep drilling to test new targets.

GBM Resources Limited reports significant progress in its exploration programs and asset sales for Q1 2025, including a key Mt Morgan divestment and ongoing farm-in developments at Mt Coolon.