| Good morning, Australia’s youngest billionaire Ed Craven is offering sign-on bonuses of up to $100,000 as he raids the country’s biggest tech companies, including Atlassian and Canva, for talent to fuel “hyperscale growth” across his cryptocurrency and gambling empire. Passive strategies at the nation’s biggest super funds are outshining the more popular balanced and growth options, heaping pressure on active managers who have staked their reputations on bulking up in-house investment teams. Aspirational cattle baron Sam Mitchell is facing mounting pressure from creditors with former staffers taking his WealthCheck company to the Fair Work Commission as the business figure moved from a luxury Bondi rental to his house in San Diego.
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