The billionaire, banker and heiress vying for a funds management prize
Pacific Current is a battle between at least one billionaire, an heiress, a former Macquarie banker and Australia’s capital markets king, with insiders everywhere.
If there is one way to get rich in the small financial markets bubble, it is funds management.
There are management fees, performance fees, entry and exit fees, a big and quickly growing pile of retirement savings that need to be invested, and a relatively small universe of rock star investors whose time and expertise are worth the expense.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
