GQG Partners sees FUM pass US$150bn; Perennial Partners funds recognised by RIAA

GQG Partners saw funds under management pass US$150 billion in May, up by 5.6 per cent over the past month.

Amid growing demand from clients for sustainable products and a scrutiny on greenwashing, two funds from Perennial Partners have received new certifications from the Responsible Investment Association Australasia.

Funds under management at Magellan have returned to growth in May after a lull in April.

There have been four major deals in the private markets space since March as asset managers look to capitalise on the rapid growth in demand for alternatives.

ASIC has made an interim stop order preventing Australian Unity Funds Management from issuing or distributing interests in an income fund to retail clients after concerns over its reliance on a retail client questionnaire.

Tribeca Investment Partners has announced it is ending its distribution agreement with GSFM after 16 years as it seeks to internalise functions.