Investment Firm Cuts Stake in Platinum Group Metals

Financial Market News reported that Genesis Asset Managers LLP reduced its position in Platinum Group Metals (NYSE:PLG) by 14.4 percent in Q4 of 2015.
As quoted in the publication:

The fund owned 61,169,085 shares of the company’s stock after selling 10,312,684 shares during the period. Platinum Group Metals Limited comprises approximately 0.5% of Genesis Asset Managers LLP’s investment portfolio, making the stock its 18th largest position. Genesis Asset Managers LLP owned about 78.84% of Platinum Group Metals Limited worth $8,587,000 as of its most recent filing with the SEC.

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