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Expect further LIC rationalisation | Money Management

The listed investment company space is likely to see further rationalisation in the future as Geoff Wilson seeks opportunities for his Strategic Value trust.

ASX rises; Afterpay leads tech rebound

Australian shares are down 0.5pc; JPMorgan downgrades CBA to underweight; RBNZ hikes cash rate 25bps to 0.5pc; Pilbara Minerals beats quarterly shipping guidance; Magellan FUM tumbles. Follow the latest here.

Magellan makes first investment in Amazon

Magellan makes first investment in Amazon
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