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Allan Gray slams ASX on AMP ruling

Nov 21, 2018 - Australian Financial Review

Fund manager Allan Gray has lambasted the Australian Securities Exchange for failing to protect the rights of investors after the stock exchange said it would not force a shareholder vote to approve the sale of AMP's life assets.

The $6 billion fund had previously spoken out against the controversial deal on valuation grounds, but said the issue was now a matter of principle after the exchange twice ruled that shareholders did not have to be consulted.

"In this instance, it appears t...