Sydney, Jan 2, 2007 AEST (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.
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