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Generation flags Ascalon closure

ASX-listed Generation Development Group has confirmed its intention to wind up Ascalon Capital Managers, just two years after acquiring it from Westpac. It also announced plans to launch an income fund and a lifetime annuity.

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Read more: Ascalon Capital ManagersGeneration Development GroupLonsecRob CoombeMorphic Asset ManagementTerence WongDeepwater CapitalEllerston Capital