Platinum Asset Management has seen its profits halve in the first half of FY2024–25 to $15.9 million as it announces a major investment team shake-up. Funds under management (FUM) were $11.1 billion, ...

Perpetual has withdrawn from its sale agreement with KKR, with Morningstar earlier predicting the move but warning that the company’s $686 million debt could disappoint shareholders hoping for capital ...