Australian regulator temporarily halts orders on two Perpetual funds
Source: Reuters
Nov 25 (Reuters) - Australian securities regulator on Friday directed a unit of asset manager Perpetual Ltd (PPT.AX) to stop offering or distributing two funds to retail investors on an interim basis due to significant market risks involved.The announcement comes at a time when Perpetual is looking to seal a deal with buyers EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners (RPL.AX) while being…
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