Has Pendal acquisition hindered Perpetual?; DomaCom fund PDS temporarily withdrawn

The firm acquired Pendal in January 2023, but some 80 per cent of the firm’s FY24 asset management outflows came from Pendal products, according to Morningstar.

DomaCom has temporarily withdrawn the product disclosure statement of its DomaCom managed investment fund for new business at the request of its trustee.

ASIC has reassured investors that Australian equity markets operate with a “high level of integrity” following its latest market cleanliness report.

Australian and New Zealand sustainable funds saw outflows of more than $1.2 billion in the second quarter of 2024, according to Morningstar, with active strategies accounting for the majority.

Following a strategic review, Platinum has announced it will merge its two listed investment companies with two of its quoted managed hedge funds.

Generation Development Group has shared the outcome of its EGM regarding its plans to fully acquire Lonsec through remaining shares.