** Shares of Platinum Asset Management PTM.AX fall as much as 2.9% to A$0.660, their lowest level since August 4

** The fund manager posts Funds Under Management of A$7.60 billion ($4.99 billion), as of August-end, lower than the A$8 billion reported at July-end

** Co posts net outflows of nearly A$454 million during the month

** Shares down 2.2%, YTD

($1 = 1.5239 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))