Australia's Largest Pension Fund Cuts Ties with WiseTech Amid Growing Scandals

In a significant move reflecting deep concerns over governance issues, Australia’s largest pension fund, AustralianSuper, has officially terminated its investment in WiseTech Global, a prominent software company specializing in logistics. This decision comes in the wake of a series of scandals that have tarnished the reputation of the tech giant and raised serious questions about its leadership and business practices.

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Redefining Sovereign Wealth: Norway’s Fund Calls for a Shift in Terminology

In a recent assertion that could reshape the language of finance, Norway's sovereign wealth fund, one of the world's largest, has urged the financial community to reconsider its usage of the term "sovereign wealth fund." The call comes from Nicolai Tangen, the fund's CEO, who emphasized that not all wealth funds should be categorized as "sovereign," citing important distinctions between various funds operated by governments around the globe.

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