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Glenn Stevens-advised hedge fund has licence suspended

Max Mason
Max MasonSenior courts and crime reporter
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A Perth-based hedge fund that counts former Reserve Bank governor Glenn Stevens on its investment committee has had its licence suspended by the corporate regulator for holding insufficient assets.

The Australian Securities and Investments Commission has suspended NWQ Capital Management’s financial services licence until January 25, 2024.

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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/glenn-stevens-advised-hedge-fund-has-licence-suspended-20230803-p5dtn1