Natixis GAM buys majority stake in Australian asset manager

$121m acquisition

Tom Eckett
clock • 1 min read

Natixis Global Asset Management has bought a majority stake in Australian asset manager Investors Mutual for around $121m, as part of the firm's Asian expansion plans.

According to Reuters, Natixis GAM will buy all of parent Pacific Current Group's shares in the firm, while also purchasing a chunk of shares from Anton Tagliaferro, the founder of Investors Mutual. Natixis' stake in the firm will total 51.9%, with the deal expected to close later this month according to Natixis GAM CEO Jean Raby. The Australian business has $7.2bn in AUM.  CEO Raby, who joined Natixis GAM in February, said: "We have previously stated that it is our intention to pursue new growth in the Asia Pacific market, and this marks the first acquisition as part of those plans," ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

T. Rowe Price Emerging Markets Discovery Equity awarded RSMR rating

T. Rowe Price Emerging Markets Discovery Equity awarded RSMR rating

Due to dedicated management

Linus Uhlig
clock 03 January 2025 • 1 min read
US equity funds deliver top performance in 2024 while Latin America and energy suffer

US equity funds deliver top performance in 2024 while Latin America and energy suffer

Alger Focus Equity top fund performer

Sorin Dojan
clock 02 January 2025 • 3 min read
Hargreaves adds Artemis UK Smaller Companies to Wealth Shortlist

Hargreaves adds Artemis UK Smaller Companies to Wealth Shortlist

Co-managers also praised

Sorin Dojan
clock 18 December 2024 • 1 min read
Trustpilot