Business
Pandemic brings ‘Aussie funds closer to the world’, says fund group – The Australian Financial Review
COVID-19 may counter-intuitively make it easier for Australian funds to win global mandates.
The willingness to conduct virtual due-diligence was evident as Australian-listed fund manager Perpetual revealed it had examined Dallas-based fund manager Barrow Hanley remotely before agreeing to acquire a 75 per cent stake in the firm in a $465 million deal.
Mr Chambers said Pinnacle, which owns stakes in 16 affiliate fund managers, was attracting more institutional interest, particularly from the Middle East, Canada, Japan and the United Kingdom.
He said the “stand-out manager” in attracti…
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