Did a small-time financial adviser-turned-high-profile fund manager sell personal assets to his funds?
The Sydney skyline has a new name: PAC Capital. The fund manager’s name and logo were recently erected atop a city office building, looking over the eastern suburbs, where another of the city’s new names lives: Clayton Larcombe, PAC Capital’s owner.
The question they ask is: how did a specialist in computer game investments, who claims to manage $500 million, get so big, so quickly? And did Larcombe sell personal assets to funds he manages? But he did issue a threat. “We note that there have been several untrue and inaccurate statements made in your articles to date, and warn you that any further publications of untrue, incorrect or defamatory information may be pursued through legal avenues,” he wrote in an email.
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