With the proportion of female portfolio managers decreasing by 17 per cent in the last seven years, certain asset classes are faring better than others, according to Future IM/Pact.

Platinum Asset Management is closing its Platinum World Portfolios and its London office as part of the business “turnaround program” announced in February.

Colonial First State has approved all alternative managers for its funds, following the closure of four First Sentier Investors teams in April.

Mexican restaurant chain Guzman y Gomez has listed on the ASX in a blockbuster IPO with shares rising by a third upon opening.

ASIC has obtained interim orders from the Federal Court to freeze the assets of a registered managed fund and prevent its former director from leaving Australia.

The latest Bank of America Global Fund Manager Survey has found investors are the most bullish they have been since November 2021, pivoting away from bonds and into equities.