Rear Window: Packer & Co's magic Russian pudding
As Leo Tolstoy would well-know, the two most powerful warriors are patience and time.
Stay updated with breaking news from Packer Co. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As Leo Tolstoy would well-know, the two most powerful warriors are patience and time.
At least 11 Australian institutional investors remain exposed to Russian assets despite the federal government demand that they sever links to the Putin regime.
Packer & Co has reduced its holdings in Russian equities by 60 per cent amid a global push for institutional investors to dump holdings in Russian assets.
Bans on Russian goods and contacts have moved beyond the big financial actions as everyone from vodka drinkers to movie companies moves to ‘cancel’ Russia.
Packer & Co’s Russian holdings fell by 60 per cent but the firm has defied the global push for institutional investors to divest.