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Passive managers piggy backing off active manager

Sunday 23rd of April 2023
The passive funds followed the recommendations of Australia-based proxy service companies and, if the takeover had succeeded, that would have been “a funny outcome when a better outcome could be achieved”, according to Michael Sherrock, Nikko’s co-head of equities.
The bidder, a consortium of US-based Sixth Street and Australia-based BGH Capital, had offered $1.34 per...
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