Australian Ethical Investment to acquire Altius Asset Management from Australian Unity
SYDNEY, AUSTRALIA: Australian Ethical Investment Limited (ASX: AEF) has entered into a binding agreement to acquire the sustainable fixed income asset management business, Altius Asset Management from Australian Unity. The acquisition, when completed, will see Australian Ethical grow its funds under managemen (FUM) by circa A$2 billion, from $10.3 billion to circa $12.3 billion an…