Australia's Soul Patts falls after reallocating $637m away from equity to PE, other assets

Australia's Soul Patts falls after reallocating $637m away from equity to PE, other assets

FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia March 6, 2017. REUTERS/Steven Saphore

Shares of Australia’s Washington H Soul Pattinson and Co (WHSP) emerged as one of the top losers on the benchmark after the conglomerate reallocated about A$1 billion ($637 million) in capital away from equity markets.

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