An extraordinary row erupted on Monday between one of SA’s most famous asset managers, Magda Wierzycka, and liberal policy think-tank the Institute of Race Relations (IRR) over prescribed assets.

In a tweet, Wierzycka, the founder and CEO of a boutique money manager Sygnia, said she is being threatened by the IRR — which traces its roots to the late 1920s and lists Anglo American Chairman’s Fund and FirstRand Foundation among its donors and sponsors on its website — for failing to respond to a letter about her stance on prescribed assets.

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