PDL pendal group limited

AFR article today regarding Vimal Gor and fixed income team (departure?)

  1. 209 Posts.
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    I've been watching all the beaten down fund managers and saw this in the AFR today regarding PDL
    https://www.copyright link/technology/bonds-won-t-exist-in-10-years-vimal-gor-quits-pendal-joins-crypto-20220311-p5a3tr
    I have no idea whether it is accurate, but the article suggests that Gor is leaving and taking his 5 person team with him. I work in the financial services industry and have seen nothing come through via email from Pendal mentioning this, or from the various research houses who cover/rate Pendal's funds. If the AFR is breaking this news accurately, then it is possibly a sign that either it's a hostile departure by the team with no notice given, or that Pendal are very slow moving when it comes to their investor relations output. Either way, not a tick for Pendal's management or fund flow prospects.
 
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