Funds hit back on unlisted asset crackdown
A group of major industry funds has written to Treasurer Josh Frydenberg and financial services minister Jane Hume, claiming that forced disclosure of the value of unlisted assets held in their portfolios would not be in member best interests.
The letter, written by the chief investment officers of 12 funds including AustralianSuper, HESTA and UniSuper, outlines concerns that new rules around the disclosure of unlisted asset values could expose commercially sensitive information that would put funds at a disadvantage going into a transaction.
Read more at Investor Daily.
