The victory by Donald Trump in the US presidential election could cause fund managers to reconsider the naming of their ESG funds as the US undergoes a political backlash to sustainable investing.

PGIM, the global asset management arm of Prudential Financial, has appointed a new president and chief executive as it embarks on a new chapter of growth.

Real Asset Management has appointed James Chapman from Aura Funds as a portfolio manager on its private credit funds.

Fund manager Payton Capital, which was acquired by HMC Capital in July, has opened a new office in Western Australia and a second office in Queensland to boost its AUM.

PM Capital has tapped experienced executive Ben Warnes for the role as it seeks to bolster its strategic sales capabilities.

GQG Partners has reported a decrease in its funds under management as at 31 October, its first fall since October last year.