Following the closure of four investment teams last month by First Sentier Investors, Colonial First State has proposed multiple replacement managers for the CFSIL funds.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
First Sentier Investors has announced it will close four of its Australian investment teams amid a simplification of the business with $14 billion expected to be returned to investors.