Pension fund seeks more female directors in Australian firms
AustralianSuper, Australia’s largest pension fund, this month voted against the re-election of Martin Rowley, the chairman of Perth-based lithium miner Galaxy Resources, amid a bid to promote gender diversity by the country’s AUD2.2 trillion (€1.5 trillion) superannuation sector. (FT)
Goldman set for bonanza on bond purchase
Goldman Sachs Asset Management last week paid about $865m to purchase bonds worth $2.8bn issued by state oil company Petróleos de Venezuela from London-based brokerage Dinosaur. The price paid for the bonds maturing in 2022 represents a 31% discount to trading Venezuelan securities that mature the same year, and implies an annual yield of at least 40%. (WSJ)