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.
Mega-themes for investors: digital disruption
Since early 2023, digital disruption has been a key driver of global equity returns. We have seen increased capital spending