Income AM bolsters sales function
One year after it tried to buy a controlling stake in FIIG Securities, Income Asset Management has hired a team of fixed income specialists from the firm.
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One year after it tried to buy a controlling stake in FIIG Securities, Income Asset Management has hired a team of fixed income specialists from the firm.
Sydney-based Income Asset Management Group (IAM) has acquired River Capital Liquid Credit Fund and credit mandate for $72 million. It also divested its 25% stake in Fortlake Asset Management.
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The company formerly known as Cashwerkz appointed a chief executive for its asset management business, IAM Funds.