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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Too frugal’: How super funds are helping retirees spend their moneyHow retirees can overcome fear of outliving their savings by guaranteeing an income for life.
Read more »
SBS On the Money: CEO SeriesSBS Finance Editor Ricardo Gonçalves speaks with CEOs of Australia's leading business groups and entities from multiple industries to share their view on the economic landscape.
Read more »
Foreign students will soon need to save more money for this reasonChanges to migration rules mean international students coming to study in Australia will need more savings, and dodgy education providers will face crackdowns.
Read more »
How to make money on your savingsYou might think a savings account is the best place to keep your hard-earned, but there are ways to make better use of the money you’ve got sitting in the bank.
Read more »
How to make money on your savingsYou might think a savings account is the best place to keep your hard-earned, but there are ways to make better use of the money you’ve got sitting in the bank.
Read more »
How to make money on your savingsYou might think a savings account is the best place to keep your hard-earned, but there are ways to make better use of the money you’ve got sitting in the bank.
Read more »