Business
Infratil’s huge management fees complicate AusSuper bid – afr.com
Enormous management fees paid to a related party and divisions between major shareholders are threatening to derail AustralianSuper’s bid for Infratil.
Losing Infratil as a customer would therefore likely result in a loss of around a third of its income.
AustralianSuper declined to comment on whether it would keep Morrison & Co on if it acquired the company, but sources close to the parties said the high management fees were a sticking point. AustralianSuper manages 43 per cent of its $200 billion assets under management in-house and is a specialist investor in infrastructure, meaning it would have the capacity and expertise to manage the assets…
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