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Channel Buys Fidante to Grow Australia Fund Manager Services

Channel Buys Fidante to Grow Australia Fund Manager Services
Bloomberg Markets Thursday 18 June 2026, 00:23 UTC By Richard Henderson 1 min read
Key Points

Channel Buys Fidante to Grow Australia Fund Manager Services Channel Capital will merge with Challenger Ltd.’s Fidante unit to create an Australian fund manager spanning a range of investment strategies with around A$150 billion ($105 billion) in assets. The combined entity will be known as Channel Group, with existing Channel Capital shareholders owning 55% and Challenger having a 45% stake, according to a statement on Thursday. Challenger will receive up to A$172 million in cash, subject...

Channel Buys Fidante to Grow Australia Fund Manager Services Channel Capital will merge with Challenger Ltd.’s Fidante unit to create an Australian fund manager spanning a range of investment strategies with around A$150 billion ($105 billion) in assets. The combined entity will be known as Channel Group, with existing Channel Capital shareholders owning 55% and Challenger having a 45% stake, according to a statement on Thursday. Challenger will receive up to A$172 million in cash, subject to certain conditions. [Image text:] AMP AMP: Lie
Channel Buys Fidante (ORG) Channel Capital (ORG) Challenger Ltd.’s (ORG) Fidante (ORG) Australian (ORG) Channel Group (ORG) Challenger (ORG)
Originally published by Bloomberg Markets Read original →

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