I would think - given the performance of Platinum funds for a very long time - they wouldn't be averse to the idea.
There has to be a lot of disgruntled Platinum investors - both in the manager and funds they manage. Every time you think this is the time for Platinum to shine - they somehow manage to go nowhere.
They ridiculed the valuations of tech - tech falls off a cliff - they still go nowhere. I can't work out if it is a case of not backing themselves - or Andrew Clifford and Rob Luciano are long lost relatives - living out their lives as multi millionaire investment managers who get everything wrong.
In all seriousness, I do feel sorry for Phil, and the Rob situation. I am wondering how long he will let him go about his merry way - which is nowhere - before the risk to the brand becomes too much.
When you are charging premium fees - you can't really have the stench of VGI funds in the foreground. He has already taken control of VG8; I wouldn't be surprised to see a bigger role in the broader scheme of things.
I kind of like the nimble basis of Regal and the low FUM, relative to others like Platinum and Magellan. I don't know many fund managers that do better with more FUM - the opposite is usually true.
Ashamedly, I am a holder of VG1 and VG8. I am also a holder of Regal Partners by virtue of my shares obtained previously in VGI Partners.
Considering VGI, the management company, got up to 15 bucks - and are now worth about 2.60 - through the new merged entity - safe to say - fail.
The big question is, will listed fund managers ever be back in vogue? Passive management and ETFs are slaughtering the industry.
PTM Price at posting:
$1.75 Sentiment: None Disclosure: Not Held
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