The billionaire watched as the performance of the company he once ran,Platinum Asset Management,tanked alongside his fortune,spurring him into action.
This isn’t Nick Bolton’s first rodeo,but it will count as his most lucrative for his investment company Keybridge.
The former high-flying fund manager continued to bleed funds but saw improvement in its flagship fund and announced a special dividend to return cash to investors.
Agriculture could be transformed into a mainstream infrastructure asset class like solar and wind energy,says climate-focused investment firm Wollemi Capital.
Timely disclosure of portfolio holdings is becoming even more important with increasing interest in ethical investing and concerns over greenwashing.
The trouble with having rock stars in business is that they retire or they put out a bad (performance) album,and then leave,all of which has been bad news for Magellan.
The godfather of funds management,Kerr Neilson,wants to see changes at Platinum Asset Management. But without a board or executive position he has been relegated to firing potshots from the sidelines.
Magellan has capped off a hellish 2022 with investors continuing to pull money out from the embattled fund manager.
AMP’s management is convinced it has the plan to resuscitate the venerable brand’s fortunes,but multiple institutional investors want decisive action,including a further break-up of the company.
Pendal shareholders voted in favour of a takeover by rival funds manager Perpetual on Friday,in a deal which will see the combined firm become one of the largest ASX-listed asset managers.
While the world’s largest money manager is taking fire in the US over its focus on environmental and socially progressive investing,it has found fertile ground in Australia.