Four funds run by Sydney’s PAC Capital – which promotes itself as a world leader in computer games investing and claimed to have more than $400 million under management – have been frozen after a run of withdrawals.
Macquarie also said it had stopped accepting investments for two of the funds through financial advisers while “further due diligence is taken”.
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Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom. Email Aaron at apatrick@afr.com
