This Australian executive is taking on a US private investment giant

As chairman of Cromwell Property Group, Paul Weightman saw plenty of corporate jousting. Now, having stepped down from the ASX-listed property group and founded Corinthia Global Management, Mr Weightman has managed to get under the skin of one of the world’s largest investors: Barings.

Barings has since launched legal action against Corinthia and certain exiting senior staff. It has accused Corinthia of attempting to use their employees, processes, methodologies, and clients to set up its own business. “We’d hoped that Barings would see that as being in the interests of investors to do that. So I think we were a little surprised that they didn’t take advantage of that.”

“Barings is owned by a large life insurance, a mutual company the private credit business is a more entrepreneurial business.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Office property market: Why even Howard Marks is wary of office propertyThe Oaktree Capital co-founder loves distress, and says there will be plenty in the office market. But there’s one big reason he’s cautious about investing.
Fuente: FinancialReview - 🏆 2. / 90 Leer más »

Increase in Cash Buyers in Australian Property MarketMore than one in four residential properties purchased in New South Wales, Victoria, and Queensland last year were paid for entirely with cash by older Australians, making them immune to interest rate hikes and propping up the housing market.
Fuente: abcnews - 🏆 5. / 83 Leer más »