The co-founder of International Value Advisors has matched $250,000 in donations through conservative group Advance.
has become one of the biggest backers of the No campaign on the Indigenous Voice to parliament, matching $250,000 in donations in a new push by activist group Advance.
Already a major backer of the conservative political group, the co-founder of the multibillion-dollar US-based International Value Advisors donated $1 million to Advance in 2020 over concerns about COVID-19 restrictions, growing Chinese interference in Australia and corporate hypocrisy on social values.Advance executive director Matthew Sheahan told supporters the group’s push to oppose the Voice had exceeded its $250,000 target, with Mr Fenwick matching the total donation amount.
Country Liberal Party senator Jacinta Nampijinpa Price is leading Advance’s No campaign, which calls the Voice “divisive and dangerous”. Mr Fenwick worked for EY in Australia and investment banks Societe Generale and BNP Paribas in London, later helping found International Value Advisors.Now retired, he and his wife have previously been among major donors to other conservative causes. Mr Fenwick sits on the board of think tank the Institute of Public Affairs.
“All the evidence is in front of your eyes: the Voice is not modest, it’s not unifying,” he said. “It’s divisive and dangerous.”The Australian Financial Review
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