Challenger eyes Asia assets for Aussie super funds
Saying superannuation funds want more international exposure, Challenger buys a stake in an Asian boutique and is targeting other deals.
Australian investment manager Challenger is seeking to respond to increasing demand from the nation’s $1.3 trillion superannuation funds industry for international securities exposure.
Challenger, with $30 billion under management, acquired an equity stake in Asia-Pacific (ex-Japan) and Greater China equities firm MIR Investment Management in a deal finalised on May 11.
The size of the stake, which belonged to MIR founder Michael Triguboff, was not disclosed, although Challenger…
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