Platinum/L1 merger no panacea says Morningstar - Financial Newswire

Platinum/L1 merger no panacea says Morningstar - Financial Newswire

The merger of L1 Capital and Platinum Asset Management will not improve the combined entity’s competitive positioning relative to index funds and large active managers, according to Morningstar analysis. While acknowledging that the proposed merger “injects new life into Platinum” Morningstar senior analyst, Shaun Ler has suggested that the structural challenges facing traditional active managers will remain – namely, fee pressure and market sha…