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Everyone wants to be a fund manager. But can they?

Everyone wants to be a fund manager. But can they?

Lendlease boss Tony Lombardo must rescue a business he dearly wants to keep.

Lendlease chief executive Tony Lombardo has to show institutional investors to keep invested in his company’s pooled funds. Louie Douvis

Robert HarleyContributor
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Lendlease chief executive Tony Lombardo has proved adept at exiting unwanted operations. Now he must rescue a business he wants to keep.

His flagship Australian funds management operation – the three Australia Prime Property Funds and the $10.6 billion of office towers, shopping centres and logistics facilities they control – is slipping away.

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Robert Harley
Robert HarleyContributorRobert Harley is a former property editor of The Australian Financial Review. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au

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Original URL: https://www.afr.com/property/commercial/everyone-wants-to-be-a-fund-manager-but-can-they-20250714-p5mewm