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Super loser sold

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Tropo, 26th Aug, 2008.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    26/08/08
    Super loser sold

    The worst performing superannuation fund in Australia last year, the Legg Mason corporate trust will be sold by the Baltimore based group to ING Australia.
    The Legg Mason trust, formerly the JP Morgan Investment Management Master trust then acquired by Citigroup and sold to Legg Mason in 2005, has about $1.3 billion in funds under management and recorded investment returns of minus 15.9 per cent according to SuperRatings and Van Eyk.

    Source: Investment and Technology