Sources said Regal Partners Limited has been hard at work on a potential proposal that’s understood to be scrip-based.
Phil King’s Regal Partners, one of the market’s most influential funds management houses, is weighing up a bid for Platinum Asset Management, the legendary contrarian investor founded three decades ago by billionaire stockpicker Kerr Neilson.
Regal, which has made a string of acquisitions in the past year and now manages $16.5 billion, is working with Barrenjoey Capital Partners as it sizes up Platinum, one of the country’s oldest global equities players. Platinum has had a difficult decade, with investors pulling funds and returns falling. Yet, it still manages $12.2 billion.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.
The huge pay packet for the fund manager’s marketing guru has turned heads given its tumbling funds under management and share price.
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