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Investment

Investment managers turning to hungry retail market

ALEX BURKE  |  MONDAY, 24 JUL 2017
Boutique and alternatives managers, traditionally the purview of institutional and wholesale investors, are turning to an increasingly sophisticated retail market to diversify their client bases.

Milton to acquire $18m unlisted manager

ALEX BURKE  |  FRIDAY, 21 JUL 2017
Listed Australian equities investment company Milton Corporation has entered into an agreement to acquire an unlisted investment manager for $18 million.

Asset managers feeling profit squeeze

KARREN VERGARA  |  FRIDAY, 21 JUL 2017
Profit margins of asset managers globally contracted for the first time since the Global Financial Crisis, research from the Boston Consulting Group shows, warning fee pressures are continuing to rise across the industry.

Aussie hedge fund seeking $300m for retail IPO

ALEX BURKE  |  THURSDAY, 20 JUL 2017
A $1.1 billion Australian hedge fund manager with offices in Sydney and New York is looking to diversify its investor base with the launch of a listed investment company.

Morningstar partners to drive adviser ESG education

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
Morningstar is working with a global financial services industry body to better prepare financial advisers for incorporating sustainable investing into advice practices.

NAB sells down stake in $350bn asset consultant

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
NAB is selling a 55% stake in JANA to senior JANA management.

Macquarie leads alternatives pack

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2017
Global alternative assets under management rose 10% to US$4 trillion in the 12 months to December 2016, with Macquarie Group dominating the local sector.

Aurora pushes for Hastings takeover

ALEX BURKE  |  MONDAY, 17 JUL 2017
Aurora Funds Management is extending its takeover bid for all ordinary units in the Hastings High Yield (HHY) Fund.

Clime acquires equities boutique for $3.6m

ALEX BURKE  |  MONDAY, 17 JUL 2017
Clime Investment Management will push its gross assets under management past $700 million with the acquisition of a Sydney-based Australian equities boutique.

Global asset manager acquires stake in Aussie driller

EMMA RAPAPORT  |  MONDAY, 17 JUL 2017
A global alternatives investment management firm with $120 billion under management will invest a portion of its funds into western-Australian deep directional mineral drilling services company DDH1 Drilling.