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Board says AMP Capital CommIF bids ‘not compelling’ By Sarah Kendell 20 July 2021 AMP Capital’s independent board committee has rejected all three suitors lined up to take over management of its Community Infrastructure Fund (CommIF), saying its remaining senior staff have the experience to continue managing the fund despite a number of exits. A letter from the chairman of the committee seen by InvestorDaily reveals that it has “unanimously” reached the conclusion that the recent departure of senior staff, includin...

AMP Capital mugged by reality as more staff leave Jul 4, 2021 – 7.00pm Save Share AMP Capital has suffered further resignations from its key senior infrastructure management team, undermining the company’s attempt to remain in control of its $1.3 billion Community Infrastructure Fund. AMP Capital’s head of energy, Stasha Prnjatovic, blindsided the company with her resignation to join an offshore pension fund last week, days after the group spruiked her 13 years’ experience with CommIF as a message to investors who may be backing a move to shift control of the fund to rival...

AMP Capital warns of ‘conflicted, captive’ Plenary Jun 29, 2021 – 11.03am Save Share AMP Capital has warned investors of “unmanageable” conflicts of interest and being trapped in vehicles stuffed with “poor performing greenfield and brownfield assets” if unitholders in its $1.3 billion Community Infrastructure Fund jump ship to suitor Plenary Group. The move is an escalation of the tit-for-tat battle between AMP and Plenary as both organisations fight to control the Community Infrastructure Fund (CommIF), which is also being tilted at by two other rival inve...

Coffee boss spills the beans on COVID-safe ‘treatment’ We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement On Saturday morning, staff inside the offices of national coffee distributor Coffex woke to an all-staff email with the subject line “Lump of S***″⁣. It turned out to be a missive from managing director Fong Loong. He had arrived in Melbourne from Perth last Wednesday and was potentially exposed to COVID-19 by a fellow passenger on his Qantas flight. But Loong’s foul mood didn’t e...

Almost 93 per cent of the vote at a unitholder meeting on Tuesday backed the proposal to merge the AMP Capital-run fund with the $10 billion Dexus Wholesale Property Fund.