Platinum: The End (from us)

Chad Slater

Ellerston Capital

Well that escalated quickly. Whilst we always knew that publishing the names of our short positions would likely attract more attention (for better or worse), the narrative on the Platinum (PTM) leg of the MFG/PTM pair moved quicker than we expected. The last 3 weeks provide evidence to our assertion in our piece on shorting earlier this year, that these positions need to be managed differently to a long positions - i.e "sell and hold" doesn't work. We published today our final thoughts on the PTM announcement of a share buyback and why this raises more questions than it answers (VIEW LINK)


Chad Slater
Co Head Global Equities (ex-Asia)
Ellerston Capital

Chad co-founded Morphic Asset Management in 2012. As a stock picker Chad is also a generalist but has strong regional knowledge of Europe and the Americas. He has also been awarded the CFA Charter.

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