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
Autonomous Rio train derails in the Pilbara
Rio Tinto says it is investigating after an autonomous train derailed 80km out of Karratha overnight.
The derailment, understood to have been the result of a collision between a loaded iron ore train and a recovery train, took place just after midnight on Monday.
A spokesperson for Rio told Business News no people were injured in the incident, and that work would soon begin to clear the line.
“There were no people in the vicinity of the incident, and no injuries,” they said.
Claire Tyrrell details a move by architects to repurpose existing assets amid growing focus on climate change.