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Australia's A$2.1t pension funds working to cut out the middleman

Thursday, December 15, 2016 - 05:50

Sydney

AUSTRALIAN pension funds are luring dozens of portfolio managers to work in-house to boost returns in a cut-throat investment environment, a move that could see external fund managers lose A$230 million (S$246 million) in annual fees.

Two of Australia's largest pension funds

sentifi.com

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