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AMP Capital fails to stop fund mergerBY ELIZABETH MCARTHUR | WEDNESDAY, 28 APR 2021 12:37PM
AMP Capital has failed in its bid to stop a merger between the Dexus Wholesale Property Fund and the AMP Capital Diversified Property Fund.Read more: Dexus, ADPF, AMP Capital Diversified Property Fund, AMP Limited, ASX, Darren Steinberg, Kent Street, Kylie O'Connor, Private Markets, Quay Quarter Tower
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information.
The advice group has appointed a head in Queensland, reporting to chief executive Terry Dillon.
Australia's exchange traded product market reached $115 billion at the end of June 2021, increasing 76% in 12 months - but according to Rainmaker research, only a small portion of that growth came from performance.
The chair of Clime Investment Management and one of its shareholders are calling for the removal of long-serving executive Neil Schafer.
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