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David Paradice says government tests on super create market distortion

Jemima Whyte

David Paradice, who founded one of the country’s most successful funds management businesses, says government-imposed annual tests on superannuation investment have created sharemarket distortion and accelerated the hollowing-out of his industry.

Amid the upheaval in the funds management sector – including margin squeezes, fund outflows and a handful of firms closing or merging – Paradice, a three-decade veteran of the industry, said his firm would focus on growing investments from the retail sector, rather than traditional industry fund clients.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/david-paradice-says-government-tests-on-super-create-market-distortion-20250304-p5lgtw