Hastings Funds Management CEO retires
Hastings Funds Management has announced the retirement of Steve Boulton as chief executive officer (CEO) and director of Hastings after just over three years in the position.
Boulton was appointed to the role of CEO of Hastings in September 2007, and prior to that held the position of CEO at Babcock & Brown Infrastructure.
Taking his place in the interim is Alan Freer, who has an intimate knowledge of the company and has previously served as a board member and as acting CEO.
Hastings is currently recruiting for a new CEO, and stated that Boulton was committed to achieving a smooth transition to Freer while the company searched for his replacement.
Recommended for you
Platinum Asset Management has provided an update on the possibility of a merger with asset manager L1 Capital following a period of due diligence.
Commentators may be forecasting consolidation in private market firms but a survey of the industry itself expects new manager formation will still outpace this, especially in Asia Pacific.
Fund manager Pacific Current has appointed a former superannuation chief executive as its newest chair, succeeding Tony Robinson who departs after almost a decade to focus on his role at COG Financial.
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.
