Platinum Asset Management: Wrong Time, Wrong Place

Morphic was "outed" over the weekend by the AFR who called us to ask about our disclosed short position in Platinum Asset Management, which they had come across in our disclosed holdings. A lot of funds don't disclose to the market their short positions, but we made the decision that if a position was large enough to be in our top 10 holdings, we'd disclose the names as part of our belief in offering transparency to investors. Today we have written up a short blog expanding on our previously discussed views on the sector. We also walk investors through why in particular Platinum was selected as the largest of our shorts in the space, which together accounted for about 5% of FUM at the end of last month. For the reasons why Morphic is short PTM, please click here: (VIEW LINK)