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Australian Unity to close Platypus Asset Management after business review
The decision follows a review that found owning an Australian equities manager no longer aligned with Australian Unity's wealth & capital markets strategy, citing persistent pressures on long-term profitability and sustainability concerns. Platypus Asset Management's assets under management have fallen from approximately A$5bn ($3.6bn) in 2024 to around A$2.1bn.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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