Business
Shane Oliver fund burnt by Boe Pahari fallout – The Australian Financial Review
A $200 million fund launched by AMP Capital’s star employee is among those downgraded partly because of the self-inflicted crisis engulfing the wealth giant.
He was demoted shortly after The Australian Financial Review revealed the company had settled a sexual harassment complaint against the executive in 2018 and resigned from AMP last week as it prepared to spin off the infrastructure and property funds business within AMP Capital.
AMP Group has experienced frequent restructuring and culture issues in recent years and faces increased regulatory risk to its vertically-integrated business model. As a result, AMP Capital has experienced ongoing staff…
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