An intensified dispute over control of two municipal pension fund investment mandates has escalated. The fund terminated its investment management mandates with Mergence Investment Managers, a Cape Town-based asset management company, citing material discrepancies. Legal actions and calls for a class action lawsuit have followed, with accusations of an improperly constituted Board and irregularities in the termination process.
Are the Magnificent Seven losing their shine?
The Magnificent Seven are the group of mega cap stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla – that