2 days ago
Pension Fund Exits Australia Childcare Firm After Abuse Charges
Australian pension fund Vision Super has divested its shareholding in G8 Education Ltd. following allegations that children were sexually abused at a center run by the early learning services provider.
Vision Super sold its about A$3.3 million ($2.2 million) worth of G8 Education shares in early August, according to Chief Investment Officer Michael Wyrsch. The fund has also put the A$720 million company, which operates hundreds of centers across Australia, on its excluded investments list alongside tobacco companies and makers of controversial weapons.
