One of the country's most influential money managers has warned many Australian fund managers risk going out of business. : One of the country's most influential money managers has warned many Australian fund managers risk going out of business due to an "asinine" and "absurd" approach to investing. Rob Luciano, the executive chairman of VGI Partners, said Australia's funds management industry "has a massive problem" and is facing enormous disruption as industry superannuation funds and other wholesale clients move investment functions in-house.