Reflecting on more than three decades in the industry, Platinum Asset Management managing director Kerr Neilson says one of the changes in the industry has the been the erosion of the information advantage enjoyed by investment professionals and the sheer level of competition that has arisen as a result.
"When we started, what stood out was that everyone was very regional, very parochial. They look at engineers but they'd stick to European engineers or American engineers. They never did the cross comparisons and that gave us a nice edge. That was the big difference, now everyone looks at everything from a global perspective or pretty much does," he said.
On the enormous work that his family is doing to support Chinese art, he said: "The Arts are important because in many instances they don't get the support they need and without the creative side, you diminish society."
Read our full interview on FS Private Wealth - Journal of Family Office Investment.
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