AMP Capital’s star employee, Shane Oliver, has been sideswiped by the cultural implosion surrounding former chief executive Boe Pahari after a flagship $200 million fund co-managed by the firm’s unofficial public face was downgraded amid the controversy.
The AMP Capital Dynamic Markets Fund, launched by Dr Oliver and run by prominent fund manager Nader Naemi, was downgraded by research house Lonsec in late February and slapped with an “investment grade” ranking, meaning it has “fewer competitive advantages than its peers”.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
