Platinum Investment Management (ASX:PTM) reported total funds under management of AU$8.34 billion as of May 31, down from AU$9.65 billion as of April 30, according to a June 6 filing with the Australian bourse.

In May, the company recorded net outflows of roughly AU$1.6 billion, including a termination of an institutional mandate of about AU$958 million and net outflows of AU$293 million from the Platinum Trust Funds, the filing said.