Australia's Platinum Asset hits record low as funds under management decline

L1

09/09/2024 02:30

** Shares of Platinum Asset Management  PTM.AX  fall as much
as 2.7% to a record low of A$0.910 
    ** The fund manager says its funds under management in
August fell to A$12,227 mln ($8.15 bln), from A$13,032 mln in
July
    ** Stock set for worst day since Sept 5, if losses hold    
    ** PTM stock down 31% YTD, as of 0101 GMT 

    ($1 = 1.4995 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))