Business
Challenger pins hopes on $1b investment splurge – The Australian Financial Review
Challenger Financial Group is eyeing a $1 billion splurge over the next six months to invest the cash and liquid war chest it built up during the COVID-19 market…
The shift to holding liquidity during the market crash would now be gradually deployed over the year, the company said.
Weve really turned a corner, following a period of significant disruption, Mr Howes said.
Following the market ructions last year, Challenger, which invests its $20 billion portfolio on behalf of institutional clients and to support the sale of annuities, flagged a further shift away from junk bond holdings following a sharp fall in the groups capital buffers.
Moving towards lower-risk…
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