Just done a bit of research into platinum asset management - what’s the go?:
-Dr Bianca Ogden is the head of health/sciences. Given the funds results, it appears she makes many bad decisions…. Some might say she is a poor investor, this is highlighted by the fact that:
- the fund has underperformed the benchmark for the past 20 years.
-her current biggest holding is SpeeDx, which is currently going broke, practically a zombie company.
So why is she selling snt?
1 -because she has no gumption, and needs to de-risk her portfolio prior the 10th to maintain her 9%return performance.
2 - because her fund rules require her to sell her winners to rebalance her portfolio…
3 - because she a is below average fund manager, based off the performance shown in their most recent report
https://www.platinum.com.au/managed-funds/pihsf
I’m not worried they are selling - see ya !
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