The biggest funds management news of the last quarter; GQG Partners shares H1 FUM update

From multiple fund closures to a blockbuster IPO, Money Management collates the most significant news in the funds management industry over the past three months.

GQG Partners has shared its funds under management at the end of June and inflows for the first half of 2024, having taken minority stakes in three US-based businesses.

Asset management firm Channel Capital and boutique absolute return manager Arnott Capital have formed a strategic partnership to drive business growth.

Funds under management at Magellan were largely flat in June as the asset manager reports a 72 per cent rise in performance fees for FY23–24.

Ausbil Investment Management has announced its head of wholesale distribution is to depart after 17 years with the fund manager.

Asset manager BNY, parent company of fixed income specialist Insight Investment, has appointed a global head for BNY Investments and Wealth.