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MM Fund
19 Aug 2024
Latest News
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Funds management
Magellan’s Formica on the ‘huge opportunity’ from Vinva deal

Magellan executive chair Andrew Formica has shared further details on the strategic acquisition of a minority stake in Vinva and the growth opportunity it presents.

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Funds management
Clime identifies $1m pa savings from
Madison divestment

Clime Investment Management believes its FY25 operating costs will be “substantially lower” after identifying $1 million per annum in cost savings from the Madison divestment.

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Funds management
Australian wholesale flows boost GQG FUM

GQG Partners has reported a 67 per cent year-on-year increase in Australian wholesale net flows to its funds as it announces its half-year results.

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Funds management
Fund managers make highest YTD move
into bonds

Global fund managers are the most overweight to bonds since December 2023 as investors make a defensive rotation in their portfolios, according to Bank of America.

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Funds management
Pacific Current offloads stake in private
credit manager

Pacific Current Group has entered into an agreement to sell a portion of its stake in global private credit manager, Victory Park Capital Advisors, to US asset manager Janus Henderson.

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Funds management
US investment managers announce senior hires

Two US-based investment managers – State Street and Russell Investments – have bolstered their respective teams with senior appointments in global head positions.

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