Platinum founder Kerr Neilson was ranked 40th on this year's Financial Review Rich List.

Platinum outflows reach crescendo

The ongoing exodus of capital from Kerr Neilson's boutique fund manager Platinum has led analysts to slash their 12 month price target.

Markets: Banks trump tech

Investors have ignored a mini US tech-wreck and instead focused on a reinvigorated financials trade, as bank shares lead the ASX higher.

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