AMP Capital mugged by reality as more staff leave
Jul 4, 2021 â 7.00pm
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AMP Capital has suffered further resignations from its key senior infrastructure management team, undermining the companyâs attempt to remain in control of its $1.3 billion Community Infrastructure Fund.
AMP Capitalâs head of energy, Stasha Prnjatovic, blindsided the company with her resignation to join an offshore pension fund last week, days after the group spruiked her 13 yearsâ experience with CommIF as a message to investors who may be backing a move to shift control of the fund to rival suitor Plenary Group.
AMP Capital is attempting to sandbag moves to break up the groupâs assets under management.Â
AMP Capital s annus horribilis afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
AMP Capital warns of âconflicted, captiveâ Plenary
Jun 29, 2021 â 11.03am
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AMP Capital has warned investors of âunmanageableâ conflicts of interest and being trapped in vehicles stuffed with âpoor performing greenfield and brownfield assetsâ if unitholders in its $1.3 billion Community Infrastructure Fund jump ship to suitor Plenary Group.
The move is an escalation of the tit-for-tat battle between AMP and Plenary as both organisations fight to control the Community Infrastructure Fund (CommIF), which is also being tilted at by two other rival investment managers, Morrison & Co and Palisade Investment Partners.
AMP Capital is attempting to sandbag moves to break up the groupâs assets under management.Â
Office fund scramble weakens $7b AMP Capital spin-off afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.