Latest news with #VisionSuper
AU Financial Review
8 hours ago
- Business
- AU Financial Review
G8 Education loses super investor over child abuse charges
Vision Super has sold its stake in embattled childcare company G8 Education amid a scandal over allegations of child abuse against a former worker at its centres. The Melbourne-based superannuation fund added G8 to its listed equity exclusion list, alongside companies that manufacture or sell smoking products and controversial weapons, following the scandal.
Bloomberg
13 hours ago
- Business
- Bloomberg
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.
