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Australian Ethical snaps up asset manager

Australian Ethical has struck a deal to acquire Altius Asset Management, the sustainable fixed income business of Australian Unity, a move that will see its funds under management (FUM) swell by $2 billion.

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Read more: Australian EthicalInvestmentAustralian UnityFixed incomeAltius Asset ManagementLudovic TheauASXChris DickmanBill BovingdonGavin GoodhandJoe FernandesJohn McMurdoSustainabilityFunds management