Pendal overhauls former BlackRock fund
Parameters underpinning a high conviction Australian equity fund, formerly advised by BlackRock, have been revised by newly appointed manager Pendal Group.
Source: moneymanagement.com.au
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Paradice found for former BlackRock stockpicker Sam Theodore
Theodore, who previously led research coverage of the gaming, engineering and contractors stocks at UBS, will launch a new product and build up his own team.
Source: afr.com
EQT, Swedish private equity firm, eyes more Australian investments after $8b in deals
EQT, the Swedish private equity shop with $400b in AUM opened its new Sydney office and has grown from three people to 50 in three years.
Source: afr.com
Banking Day
Westpac will report an after-tax gain of around A$225 million, after completing the sale of Advance asset Management to Mercer Australia and the transfer of BT personal and corporate superannuation funds to Mercer Super Trust.
Source: bankingday.com
Outflows, M&A batter active managers
Rampant mergers and acquisitions, eye-watering redemptions and product closures over the last three years put to question if active fund managers are still fit for purpose.
Source: financialstandard.com.au