3 key themes to dominate Q3: Fidelity; FSI bids farewell to multi-asset exec

With the belief that markets are oscillating between fragility and resilience, the investment manager has outlined three themes it expects to see in the third quarter of 2023.

Kejal Somaia, co-head of multi-asset solutions at First Sentier Investors, has departed the firm after 17 years.

Noting suspicious ‘investment opportunities’ offered by the Hong Kong-based asset manager, the corporate regulator has raised concerns for local consumers invested in these funds.

Retail investors and financial advisers will now be able to invest in the actively managed Bentham Global Opportunities Fund with a minimum investment of $10,000.

Magellan’s funds under management have fallen below $40 billion as at the end of the 2022–23 financial year after institutional outflows returned after a lull in May.

Challenger has completed the sale of its Australian real estate business to Elanor Investors Group for $38 million, a reduction of $4 million, as the two firms form a strategic partnership.