Fortescue Metals broke its own record on Monday when it handed down a $6.6 billion profit to shareholders thanks to strong iron ore prices and exports.
Investor pressure is mounting and it is understood the fund is about to open a redemption window for disgruntled investors to head to the exit, in advance of an initial three-year lock-up period.
More details are leaking out about New York private investment house CC Capital's play for National Australia Bank's superannuation business and asset manager MLC Wealth.