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Pinnacle managing director Ian Macoun, who founded the investment management firm, has sold nearly four million shares in the firm for $76.7 million; the proceeds are earmarked for reinvestment in its affiliated fund manager Metrics.

More than 200 actors have signed an open letter to the trustees of the SAG-Producers Pension Plan asking it to divest from fossil fuels and redirect the assets into responsible investments.

Betashares has registered a new managed investment scheme, which possibly signals the expansion of its Wealth Builder geared ETF product suite, launched in April last year.

Perpetual Investment Management has awarded MUFG Pension & Market Services (MPMS) a mandate to oversee its investor and member administration services.