Business Services Industry
Capital shift in style as bold Colonial buoys classy boutique outfit.
Australasian Business Intelligence, December, 2002
Dec 06, 2002 (The Australian - ABIX via COMTEX)
Colonial First State's strategic alliance with 452 Capital is the first step toward a one-stop investment shop. The Australian fund management giant has recognised that it needs options beyond its growth-oriented approach. The alliance with the new boutique operator, Capital 452, represents a move to offer external groups of varying styles and sizes as well as its own in-house managers. The "one-stop shop" strategy has blossomed in the US, where Putnam offers various combinations of growth or value, large, medium or small-cap, and regional or international funds.
Publication Date: 7 December 2002
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