Challenger has combined its boutique asset management businesses under one umbrella and rebranded the business arm as Fidante Partners.
The new brand was established to separate the boutique funds from Challenger's diversified funds.
Challenger launched its first boutique partnership, Five Oceans, in 2005 and has since entered into partnerships with 10 boutique funds with total assets under management (AUM) of $17.8 billion as at 31 March 2012.
The boutique business experienced new inflows of $614 million in the March quarter, while imarket-linked performance AUM grew by $1.5 billion over the period.
Challenger had total AUM, including its boutique business, of $31.4 billion.
The boutique firms are partnerships between the fund managers and Challenger, in which Challenger takes an equity share.
The line-up includes Alphinity, Ardea, Bentham, Five Oceans, Greencape, Kapstream, Kinetic, Merlon, Novaport and WaveStone.
Challenger is planning to close several funds to new investors, as they are close to reaching capacity.
