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Investment

GAM records $19bn in outflows

JAMIE WILLIAMSON  |  WEDNESDAY, 5 AUG 2020
The global fund manager saw its profits fall 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.

Pinnacle reports FY20 inflows, profits

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million.

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
In a notice to the ASX, AMP said Lazard Asset Management has ceased being a substantial holder in the company.

Perpetual opens retail raise

ANNABELLE DICKSON  |  TUESDAY, 4 AUG 2020
Perpetual has opened its share purchase plan to retail shareholders in an attempt to raise $40 million to fund the acquisition of US manager Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley).

Canadian pension fund pursues global growth

JAMIE WILLIAMSON  |  MONDAY, 3 AUG 2020
One of Canada's biggest pension funds is restructuring to better position itself for international opportunities, including in the Asia Pacific region.

Magellan to restructure retail global equities funds

KANIKA SOOD  |  MONDAY, 3 AUG 2020
Magellan is seeking unitholder approval to create a mega fund of $15 billion that would combine the investment pools of the unlisted, ETF and LIT versions of the Magellan Global Fund.

GQG Partners wins $20m mandate

KANIKA SOOD  |  MONDAY, 3 AUG 2020
A Sydney advice firm has allocated $20 million for global equities to Florida-headquartered GQG Partners.

Invesco inks ESG plan

ANNABELLE DICKSON  |  MONDAY, 3 AUG 2020
Invesco is setting out its ESG framework in line with the Task Force on Climate-related Disclosures (TCFD) framework in its inaugural climate change report.

First State Super, CEFC back new bond

ELIZABETH MCARTHUR  |  MONDAY, 3 AUG 2020
BNP Paribas has issued a $140 million green bond linked to the newly launched Australian Climate Transition Index, subscribed by the Clean Energy Finance Corporation (CEFC) and First State Super.

Franklin Templeton completes acquisition

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
Franklin Templeton has officially completed its acquisition of investment manager Legg Mason, creating one of the world's largest specialist managers.