Platinum Investment Management enjoyed gains across the board in April, with every Platinum fund in the AFM database posting a positive result.
The Platinum European Fund (up +16.72%) and Platinum Asia Fund (up +11.05%) in particular posted impressive results. The European Fund, though an equity long short fund, was heavily long weighted in April, so as a result benefited from the ongoing equity market rally. The Asia Fund had a similar story, being heavily long weighted in the China and Hong Kong equity markets, and thus profiting from the market rally.
Other noteworthy results included the Platinum Unhedged Fund, an equity long only fund which gained +10.14%, and the Platinum International Technology Fund which was up +9.69%.
