0245 GMT - Platinum Asset Management's continued outflows probably prompted Regal Partners to call off its proposed takeover, E&P analyst Olivier Coulon says. He tells clients in a note that Regal's ability to make a transaction value accretive rested on the level at which Platinum could stabilize its funds under management. He points out that Platinum's funds under management declined 10% in November. Regal hasn't explained why it is walking away, but Coulon suggests that Platinum's negative relative performance may have hit management's confidence in the potential benefits of combining the hedge-fund sponsors. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 08, 2024 21:45 ET (02:45 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。