Conditions have been good for funds management in recent years. The stock market has been rising, funds have been flowing, and for some, performance fees have been paid. But nine years after the end of the GFC, has ‘the easy money been made’? To find out, we asked Chris Prunty from QVG Capital and Chris Stott from Wilson Asset Management for their view on three local funds management firms, and they also nominate their top ‘Buy’ from the sector. Prunty says one of today’s nominees is “one of those stocks you can put in the bottom drawer and come back in three to five years.” This week’s episode is hosted by Matthew Kidman from Centennial Funds.

Key points:

• Platinum Asset Management has recovered well over the last year, but following the retirement of Kerr Neilson, has it overshot to the downside?
• Pinnacle Investments owns a 23% stake in one of Australia’s fastest growing funds management firms, Antipodes Partners. But is that enough to justify its lofty price?
• Class benefitted from the move to cloud-based products, but competition has been hot on their heels. So, is it time to dismiss Class?
• Chris Prunty and Chris Stott each nominate their top ‘Buy’ from the funds management industry.

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