Record roll-up expected for Mothers Day Classic

More than 22,000 people, many of whom work in the funds management industry, are expected to take part in the annual Mothers Day Classic walk/run on May 14.

The record roll-up will be helped by the event’s expansion into Tasmania, with an inaugural Hobart ‘Classic’ being given a lot of support by local media, according to organisers. Other cities to host the ‘Classic’ are Sydney, Melbourne, Brisbane and Adelaide. The major sponsor is Members Equity Bank. Other sponsors include CMSF, funds manager Marvin & Palmer, PricewaterhouseCoopers, Brooks and Investment & Technology magazine. The event is organised by Women In Super. With this year’s tally, Mothers Day Classic will have raised more than $2 million for the National Breast Cancer Foundation. Tomorrow is the last day companies can register teams at the ‘early bird’ discount prices. The ‘Classic’ also tends to attract a few celebrities. This year, former world champion runner Melinda Gainsford-Taylor is expected to beat most of the field in Sydney, while Olympic gold medallist swimmer Duncan Armstrong will probably also take the run in his stride in Brisbane. Further information: www.mothersdayclassic.org

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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