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Superannuation

Aussie funds fail transparency test

BY ALISON BEVEGE | WEDNESDAY, 23 MAR 2011 1:00PM

Australia's managed funds are among the world's worst in terms of disclosure, a report has found, with financial advisers caught between client commitments and secretive funds.

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Editor's Choice

Pengana takes WAM feud over PIA to Takeovers Panel

KARREN VERGARA

Pengana Capital Group is again attempting to thwart the Wilson Asset Management-led board's share buyback and increased ownership in the Pengana International Equities LIC (PIA), hoping the Takeovers Panel will intervene.

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