Fund managers back $2.2bn Guzman Y Gomez IPO; GDG to fully acquire Lonsec

Hyperion Asset Management and Firetrail Investments are among fund managers backing the upcoming $2.2 billion IPO of Mexican chain Guzman Y Gomez.

Generation Development Group has announced it has entered into a binding agreement to acquire the remaining 61.9 per cent of Lonsec that it does not yet own.

Australia contributed three-quarters of all APAC dividends in the first quarter of 2024, according to Janus Henderson, but cuts by BHP meant the country recorded no quarterly dividend growth.

Three founders of fund management firms have shared what prompted them to break away and set up their own businesses.

ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes.

Regal Partners has grown funds under management to $12.2 billion and flagged it may consider smaller bolt-on acquisitions, having withdrawn a bid last year for Pacific Current Group.