Removing barriers for fund managers and super funds to transition to modern investment products would result in customers retiring with cumulatively $16 billion more by 2050, according to an FSC report.

First Sentier Investors has completed a strategic partnership with AlbaCore Capital Group, a European alternative credit manager, aligning with its long-term growth trajectories.

The exchange-traded fund industry has recorded a market cap decline in October due to global sharemarket weakness, despite seeing the second-highest level of net flows this year to date.

The global alternative asset manager has attracted strong inflows in the second half of 2023 as it hits $9.2 billion in assets under management.

Global fund managers have made their biggest shift into bonds since the global financial crisis as interest rates are expected to stay higher for longer.

Pacific Current Group has scrapped its plans to be acquired after bids with GQG and Regal Partners both fell through.