Rival fund managers are perplexed by the scale of the debt left by NWQ Capital Management, expressing surprise at the almost $20 million owed, including to four prominent Perth business figures.
Related Data & Insights
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Fund Managers
Rank Company # 27th Dorado Property $290.0m 28th NWQ Capital Management $250.0m 30th Tenmile $250.0m 31st Ibaera Capital $225.0m 64 fund managers ranked by assets under management or net assets
WA workforce hit as Santos cuts 200 roles
Oil and gas play Santos has revealed it will chop 200 mostly-Perth based jobs, as part of a cost-cutting measure undertaken in response to slow project approvals.
Santos released a statement this afternoon detailing the results of a detailed review of its WA, Northern Territory and Timor-Leste business units, which resulted in the cuts.
The decision was attributed to the company’s commitment to a “low-cost operating model” and a shift to expensive decommissioning activities.
The jobs are understood to be a mix of permanent and contractor employees.
Claire Tyrrell details a move by architects to repurpose existing assets amid growing focus on climate change.