From Qantas to Rio Tinto to ANZ to Optus, AMP’s board must have a dire view of the company AMP keeps in terms of public standing.

Even an astute call to short James Hardie, which saw its shares slump on a poorly received merger deal, was not enough to turn Ten Cap’s returns positive.

The nation’s largest money managers, including the big superannuation funds, are using unlisted holdings to manage the fallout of volatile global equities.

Landowners are being hit with big tax bills for selling their holdings to make way for critical energy infrastructure.