Shane Oliver fund burnt by Boe Pahari fallout
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AMP Capitalâs star employee, Shane Oliver, has been sideswiped by the cultural implosion surrounding former chief executive Boe Pahari after a flagship $200 million fund co-managed by the firmâs unofficial public face was downgraded amid the controversy.
The AMP Capital Dynamic Markets Fund, launched by Dr Oliver and run by prominent fund manager Nader Naemi, was downgraded by research house Lonsec in late February and slapped with an âinvestment gradeâ ranking, meaning it has âfewer competitive advantages than its peersâ.
AMP Capital chief economist Shane Oliver. Â
Dominic Lorrimer
The multi-asset fund was among a number of AMP products downgraded in recent months partly due to the self-inflicted corporate crisis at AMP Capital, including an ethical investment fund where investors have been told to rush for the door due to the threat of âforced sellingâ amid a wave of redemptio
DGAP-Adhoc: Dexu .
DGAP-Adhoc: Dexus Finance Pty Limited: Update in relation to the merger of DWPF with AMP Capital Diversified Property Fund
vom 27.04.2021, 08:04 Uhr
Bild: pixabay.com
DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Acquisition/Merger
Dexus Finance Pty Limited: Update in relation to the merger of DWPF with AMP Capital Diversified Property Fund
27-Apr-2021 / 08:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Dexus (ASX: DXS)
Update in relation to the merger of DWPF with AMP Capital Diversified Property Fund
Dexus wins bid for AMP Capital property fund 27 April 2021
The investors for a $5 billion AMP Capital property fund have voted to dump its manager and merge with a Dexus wholesale fund, following its initial offer last year.
AMP Capital acknowledged the outcome for the AMP Capital Diversified Property Fund (ADPF) on Tuesday afternoon, which will see it consolidate with the Dexus Wholesale Property Fund.
Real estate investment company Dexus will gain control of ADPF’s approximate $5 billion in assets under management, including a 50 per cent stake in the Quay Quarter Tower, a number of Westfield shopping centres, as well as other industrial sites.
AMP s good governance benchmark 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.
Dexus Finance Pty Limited: Update in relation to the merger of DWPF with AMP Capital Diversified Property Fund direktbroker.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from direktbroker.de Daily Mail and Mail on Sunday newspapers.