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