AusSuper picks up Henderson stake

26 August 2013
| By Staff |
image
image
expand image

Australia’s largest superannuation fund, Australian Super, has picked up more than 5 per cent of the shares in United Kingdom-based investment house Henderson Group. 

The Australian Super shareholding was announced to the Australian Securities Exchange today via a pro forma statement that the big super fund had picked up 5.92 per cent of the shares in Henderson, which has recently announced a strategy to expand its interests in Australia. 

The company recently announced the opening of an office in Sydney and acquired a 33 per cent interest in boutique fund manager 90 West Asset Management. 

The company has signalled its intention to have $10 billion in assets under management by 2018. 

Until 2003 Henderson was under the umbrella of AMP Limited.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago