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BNP Paribas AM sells Arnhem stake, appoints new investment manager

BNP Paribas Asset Management has sold its 40% stake in Arnhem Investment Management ahead of the fund manager's closure, with the Arnhem Australian Equity Fund to be transferred to a specialist wholesale investor.

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Read more: BNP Paribas AMJCP Investment PartnersArnhem Australian Equity FundArnhem Investment ManagementBNP Paribas Asset ManagementBNP Paribas Australian Equity Benchmark Insensitive TrustEquity TrusteesGeorge ClaphamMorningstarNeil Boyd-Clark