** Platinum Asset Management PTM.AX set for 20% weekly gain, its strongest performance on record
** Stock up 5.9%
** Fund manager announced it was in discussions with investment manager L1 Capital for deal to create A$18 bln ($11.55 bln) funds management group
** If deal proceeds, L1 Capital would own ~75% of combined entity, with the Australian firm holding the rest
** About 2.1 mln shares traded, almost same as the 30-day avg
** YTD, stock down 2.5%
($1 = A$1.5591)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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