Challenger revels in insto flow

Staff

Mon 03 Mar 2008

Challenger Financial Services Group has been awarded $1.6 billion in institutional mandates in recent weeks.

"We continue to win mandates, despite weak markets. In the last few weeks we've won more than $1.6 billion worth of new mandates.

They haven't funded yet, but we've won them. They're committed and signed up," Challenger chief executive Michael Tilley said.

He declined to give any further details, citing client confidentiality agreements.