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Tom Richardson

Moelis sidesteps the Mayne issues on Redcape

A feisty AGM has put some focus back on the fee structure that helps the former Moelis Australia profit from managing the listed Redcape Hotels Group.

Tom RichardsonJournalist
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Unanswered questions from last month’s AGM held by the group formerly known as Moelis Australia are still bugging us.

At the AGM, activist shareholder Stephen Mayne let rip with 22 questions for MA Financial’s non-executive chairman Jeffrey Browne, with one rather cheeky one (even by Mayne’s standards) catching the eye.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
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    Original URL: https://www.afr.com/rear-window/moelis-sidesteps-the-mayne-issues-on-redcape-20210624-p583zp