CFS issues $270m global fixed interest mandate
London-based fund manager H2O Asset Management has picked up a $270 million global fixed income and currency mandate from Colonial First State for its FirstChoice multi-manager funds.
The manager was sourced through Apostle Asset Management, and is one of their newest affiliates.
Apostle’s director of sales, Richard Borysiewicz said H20’s fixed interest capabilities have found strong resonance in international markets, with this being their first Australian mandate.
H20 was launched in July last year in partnership with Natixis Asset Management by Bruno Crastes and Vincent Chailley, formerly of Amundi Asset Management.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.

