[6] In 1994, Platinum Asset Management was founded by Kerr Neilson and several others with the financial backing of George Soros.

The success of the company was attributed to the ability to transcend short-term market investment and focus on long-term returns.

As a result, Neilsen agreed to forego a performance bonus, an increase in his base salary, and neither granted himself nor exercised options.

[12] In August that year, the board of directors announced that Clifford would step down from his role as CEO once a successor was found although he would remain as CIO.

[13] On 8 September 2023. shares of Platinum Asset Management hit a record low of A$1.335 after more than A$900 million was pulled from its funds in August.