The Australian federal government is set to examine the power “mega-funds” like U.S. giants BlackRock snd Vanguard, and local super funds hold over the country’s financial sector with the House of Representatives Standing Committee on Economics decision to investigate the issue of “common ownership” and whether it has led to possible collusion between firms. Tim Wilson, a federal…

The Australian federal government is set to examine the power “mega-funds” like U.S. giants BlackRock, Vanguard, and local super funds hold over the country’s financial sector, with the House of Representatives Standing Committee on Economics to investigate the issue of “common ownership” and whether it has led to possible collusion between firms. Tim Wilson, federal member of Parliament…