Business
Inside the latest AMP blow-up – The Australian Financial Review
This week’s dumping by suitor Ares Management means it’s back to the drawing board for AMP. But dejected shareholders are not convinced that the troubled wealth…
Its unsaleable, complained one major shareholder. They just lurched from one disaster to another.
Other close observers noted that the entire sale process had been extremely damaging and destabilising for AMP and its prize business, AMP Capital, as rival fund managers took advantage of the uncertainty created by the sale process to try to lure talented staff from AMP Capital, or to pinch some of its investment mandates.
They were clearly floundering and they saw what they thought was a life raft,…
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