News24 covers the legal action between Mergence Investment Managers and the Municipal Employees Pension Fund – whose administrator is Akani – mentioning arguments put forward by both parties. Mergence is disputing the purported termination of investment mandates by the MEPF and has also laid a complaint with the Financial Sector Conduct Authority which had already served a S26 notice on the MEPF, which is being taken by the latter on appeal.
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