Key facts
- Channel is merging with Challenger's Fidante unit.
- The merger will create a new Australian fund manager.
- The combined entity will manage approximately A$150 billion in assets.
- The new manager will span a range of investment strategies.
Channel is set to merge with Challenger's Fidante unit, a move that will establish a significant Australian fund management firm. The combined entity is expected to manage around A$150 billion (approximately $105 billion) in assets, covering a wide spectrum of investment strategies. This consolidation aims to create a more comprehensive offering within the Australian financial landscape.