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Posted on: Oct. 8, 2019, 11:51 p.m.
Platinum Asset Management is set to bid farewell to one of its longest-running funds, after a year of outflows. : "The fund has been closed to new and additional investments since September 2004. This has resulted in the fund size decreasing to a level where it is expected that this will result in escalating costs associated with the management and administration of the fund," MLC said in a letter to investors. After this, MLC will start to wind down the ... Full investment news article