Russia-Ukraine war: Australia's biggest Russia investor, Packer & Co, slashes exposure - The Australian Financial Review


3/1/2022 12:00:00 AM4 yearsago
by Lucy Dean, Aleks Vickovich, Michael Roddan

Packer & Co’s Russian holdings fell by 60 per cent but the firm has defied the global push for institutional investors to divest.

Our Russian stocks are down approximately 60 per cent over the past week, the communication said. We do not believe that selling [in panic] is in the best interests of unitholders. The letter also a… [+5084 chars]

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