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Coronet takes on a Challenger
Wednesday 2nd of June 1999
The Australian-based Challenger International Group, which is 20 per cent owned by Kerry Packer, has bought all of Coronet Asset Management for an undisclosed sum.
Coronet, which has $200 million under management, is a niche New Zealand equity manager run by James Ring and John Phipps.
Challenger is primarily an innovative product manager that plays a significant role in the annuiti...
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