An overwhelming number of investors in E&P Financial Group s US Masters Residential Property Fund (URF) have rejected K2 Asset Management as its new responsible entity.
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AMP weighs options for $7b office fund
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AMP Capital could jeopardise as much $45 million in revenue annually if it loses control of its flagship $7 billion office fund to a rival manager â a potential loss that may prompt its parent, AMP, to consider how to soften the blow.
The estimated revenue delivers as much as $16 million in earnings for AMP Capitalâs management of the fund, according to estimates earlier this month by Macquarie analysts.
While retaining control of the fund remains AMPâs priority, the Macquarie estimates have taken on greater significance after a review of the AMP Capital Wholesale Fund moved firmly forward into a crucial second stage, with a shortlist of four aspirant fund managers vying for control against AMP Capital.
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The Securities Commission Malaysia (“SC”) in its
Islamic Fund and Wealth Management Blueprint
(“Blueprint”) launched in 2017, had outlined their plan
and recommendations to counter impediments to growth and innovation
for financial development. The Blueprint had identified the
development of
waqf as one area of significant
potential for social development, greater public good and wealth
distribution and the SC has viewed the effort of increasing the
level of sustainable
waqf assets through fund
management or capital raising as a priority among its
recommendations.
Waqf, traditionally an endowment of property to be held