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Challenger Beats The Drum for Asian Investors
Sydney, Jan 2, 2007 (ABN Newswire) - Challenger Financial Group's (ASX: CGF)(PNK: CFIGF) funds management chief executive, Rob Adams, is hopeful that investors in the US, Japan, the Middle East and Europe will at some time in the future account for between a 25% and 33% of funds under management, a large leap on the current fund manager's offshore investor profile.
In order to raise the level of awareness in these markets, Challenger, which had $13.7 billion under management late in 2006, is planning a scoping trip this year, which will take in twenty asset consultants and investors.
Mr Adams cited several funds that would be suitable for offshore clients, including Five Oceans, a global long/short fund, and recent partner Kapstream, a boutique credit product, along with Australian equity funds.
About CHALLENGER FINANCIAL SERVICES GROUP LIMITED
Listed on the Australian Stock Exchange, Challenger is an established player in Australian financial services. It is dedicated to providing smarter solutions to financial intermediaries and their clients, offering a broad spectrum of financial products and services.
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