US fund manager T. Rowe Price says it is committed to Australia despite closing its Australian equities strategy with a focus on global equity funds for the intermediary market.
Northern Trust Asset Management has strengthened its investment stewardship capabilities by welcoming a new global head of stewardship who joins after 30 years at UBS Asset Management.
Magellan Financial Group has reported its highest funds under management in almost a year, but specialist investors made redemptions following changes to its global fund.