Platinum to merge with L1 Capital.

Platinum Asset Management, an Australian asset management company, agreed to merge with L1 Capital, a global investment manager. Financial terms were not disclosed. “Raf and I are both excited about bringing L1 Capital and Platinum together. We can see major benefits for both Platinum clients and shareholders from combining our capabilities. We believe this merger enables a decisive turnaround in the outlook for the Platinum business,” Mark Landau, L1 Capital Co-Founder.