Challenger's multi-boutique business will distribute the $54 billion Impax Asset Management's sustainability strategies in Australia and New Zealand.

Nearly 20 years after ETFs started trading in Australia, their total assets crossed $102 billion at the end of March.

Warakirri Asset Management has launched a new fund, seeded by a European pension fund, providing domestic and offshore institutional investors with exposure to Australian agricultural property.

The investment administration firm has received a superior offer to Vistra's proposed $170 million acquisition and has notified the firm to either match or offer more favourable terms.