Latest Investment Management News

ECP Emerging Growth Limited’s portfolio plunged 19.4% in the March quarter, dragging its net tangible asset value down by nearly 30%, as growth stocks stumbled amid geopolitical tensions and rising rates. The fund added furniture retailer Koala Company and sees value in its resilient holdings despite the rough patch.

Accordant Group Limited’s shareholders have approved a significant share issuance under a Rights Offer, allowing the Hull Family Trust to increase its voting control beyond 20%. The move also greenlights additional share allocations to related parties to cover subscription shortfalls.

Diversified United Investment Limited shareholders overwhelmingly approved a merger with Australian United Investment Company Limited, setting the stage for increased dividends and operational efficiencies.

Ariadne Australia’s latest nine-month update reveals strong growth in its Orams subsidiary but a $5.2 million estimated total loss driven by currency headwinds and market declines in key investments.

Diversified United Investment Limited (DUI) has finalised the exchange ratio for its proposed merger with Australian United Investment Company Limited (AUI), with a shareholder meeting scheduled for 16 April 2026 to approve the scheme.

Sandon Capital Investments Limited (ASX:SNC) has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to buy new shares at a 4.1% discount to the recent closing price, aiming to raise up to $10.7 million to support working capital and investment growth.

Pinnacle Investment Management Group Limited (ASX: PNI) has extended and increased its debt facility with the Commonwealth Bank of Australia from $100 million to $250 million, enhancing its financial flexibility for growth.

ARC Funds Limited (ASX: ARC) has entered a conditional agreement to acquire a 25% minority equity interest in Ausbiz Group Pty Ltd by issuing over 8 million shares to Ausbiz shareholders, subject to customary conditions including shareholder approval.

WAM Income Maximiser Limited has announced increased fully franked monthly dividends for Q2 2026, reflecting robust portfolio performance since its April 2025 IPO. The diversified investment strategy combining Australian equities and investment grade corporate debt has outperformed its benchmark by 6%, delivering both income growth and reduced volatility.

Magellan Financial Group has successfully completed its $20 million Share Purchase Plan, attracting applications worth over $129 million and prompting a pro-rata scale-back for larger investors.

Fiducian Investment Management Services Limited has reached a heads of agreement with ASIC to resolve civil proceedings over misleading disclosures in its Diversified Social Aspirations Fund. The settlement includes a $7.3 million penalty and legal costs, pending court approval.

Washington H. Soul Pattinson and Company Limited has completed its merger with Brickworks Limited, creating a diversified investment group with a $13.8 billion portfolio and reporting a $2.3 billion statutory profit for 1H26.