GQG FUM shrugs off Adani backlash; Verdict reached on Platinum/Regal acquisition

GQG Partners has reported funds under management have remained resilient amid “heightened interest” around its backing of Adani Group, which led shares to fall 20 per cent last month.

Platinum Asset Management and Regal Partners have reached an agreement regarding whether to proceed with an acquisition following a period of due diligence, as Platinum outflows double to $841 million in November.

It is a question of “how” rather than “if” asset managers will integrate artificial intelligence, according to Mercer, with 90 per cent of managers already using it or planning to use it in their investment process.

A dozen high-profile female portfolio managers have joined forces on a new equities fund which will invest in companies that deliver solid financial returns and progress gender equality in Australia.

Magellan has seen its funds under management surpass $39 billion to the highest volume since August 2023, helped by three fund launches in association with Vinva Investment Management.

Pacific Current Group has completed the divestment of its holding in Carlisle Management Company to alternative asset manager Abacus Life.