Platinum asset management has continued to "unanimously" recommend shareholders to vote in favour of the L1 Capital merger ahead its extraordinary general meeting on Monday. In the latest announcement, L1 Capital has also confirmed that the total management fees and total performance fees across all its strategies exceeded $75 million and $90 million respectively in FY25. L1 Capital runs five strategies, the flagship being the Long Short Fund, which earned performance fees of $82.5 million for the period. Platinum said it earned "negligible" performance fees for the year and average funds under management came in at $10.8 billion, a drop of 29.4% from $15.3 billion. After the merger, Platinum would be rebranded to L1 Group and would remain listed on the ASX with a new L1G ticker code.