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Shane Oliver fund burnt by Boe Pahari fallout Save Share 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 ....
AMP ends Ares talks with no deal, Boe Pahari to leave Weâre sorry, this service is currently unavailable. Please try again later. Dismiss 6.12am Normal text size Advertisement AMP has failed to seal a deal with US investment firm Ares but will instead spin off and separately list AMP Capitalâs private markets business, with controversial executive Boe Pahari to leave the company. AMP announced on Friday that AMP Capitalâs private markets business will be spun off and likely listed on the ASX under a new board, independent management and fresh branding. AMP will retain a 20 per cent stake in the business and Mr Pahari will resign. ....