Business
Rest Super reviews shareholding of under siege EML Payments – Sydney Morning Herald
Rest’s chief investment officer says his investment managers are split on whether to hold the stock after it was hit with allegations of serious breaches of anti-money…
As with any market, some feel the market reaction is overdone. And others feel that there is now heightened risk in holdings of EML, he said. Certainly our managers are looking very closely at all aspects of EML right now and considering the full business case.
Rest was not part of the sell-off on Wednesday, Mr Lill said, but the funds investment managers had progressively reduced exposure to EML over the first three months of this year. It is fair to say that our portfolio has been net sellers…
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