First Sentier’s growth-focused Australian equities geared fund ranked No.1 despite delivering the worst performance over the last quarter among Mercer’s top 10.
Merlon benefited from investments in energy companies, insurers and Qantas over the 12 months, topping Mercer’s investment survey with a return of 26.5 per cent.
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.
AMP boss Alexis George in a tussle with activist investors watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.