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…
-
Noosa News23 hours agoIan McLeod, 95, powering his farm ute and house on waste vegetable oil
-
Noosa News24 hours agoHonouring James Ackerman and his legacy, 10 years after a rugby league tragedy
-
Noosa News22 hours agoBus driver bashed in South Brisbane
-
Business22 hours agoInvesting in the ASX’s VanEck Wide Moat ETF (MOAT)? Here’s what you’re buying