The secret fund managers still won't disclose:
how much they are paid
Date October 4, 2014 Vesna Poljak
Senior markets reporter In the age of full corporate disclosure, there is one sector still living in the dark ages.
Australia's fund managers go to battle every day with the corporate elite.
They hold company management to account and represent the interests of the ordinary investor sweating on their superannuation balance.
But the industry super funds, in line with their growing influence, are now asking for more from fund managers.
They want an answer to one of the last big mysteries in Australian financial services:
what do fund managers get paid?
"It's got to be a level playing field across everyone," says the respected former fund manager Peter Morgan,
who is now a private investor.
"Honestly, I've always said it's silly for fund managers to be voting on remuneration reports
or having corporates at one level and them not being on the same level," he says, observing the practice as hypocritical.
"It is a well rewarded industry ... It's right up there."
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