Scrap between rival fund managers Paul Moore and Geoff Wilson extends after PM Capital’s flagship portfolio fails to secure merger with smaller peer.
Australian shares are set to edge lower, in line with weakness overseas, as investors steady themselves for another sign of rising US inflationary pressures.
The Federal Court of Australia approves a scheme meeting for the proposed merger of PM Global Opportunties Fund (ASX:PGF) and PM Capital Asian Opportunities Fund (ASX:PAF).