Board says AMP Capital CommIF bids ‘not compelling’ By Sarah Kendell 20 July 2021
AMP Capital’s independent board committee has rejected all three suitors lined up to take over management of its Community Infrastructure Fund (CommIF), saying its remaining senior staff have the experience to continue managing the fund despite a number of exits.
A letter from the chairman of the committee seen by InvestorDaily reveals that it has “unanimously” reached the conclusion that the recent departure of senior staff, including AMP Capital’s head of social care Julie-Anne Mizzi, director of infrastructure equity Jiren Zhou and CommIF head of asset management Simon Hunter, would not have a substantial impact on the running of the fund.
AMP investors wrest control of Pahari s GIF funds
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 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
Save
Share
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
AMP Capital dodges vote on $1 3b fund
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.