Australiaassetmgmt

Pinnacle Investment Management (ASX:PNI) won approval from both regulators for its acquisition of Pacific Asset Management.

Pimco bought all $400 million of bonds issued Monday by a Blue Owl Capital private credit fund, according to people with knowledge of the matter. The deal is a vote of confidence for a private credit industry that's been battered by record redemption requests and deepening concerns over valuations, liquidity and transparency. Bloomberg's Sinead Cruise reports.

Takeovers Panel ordered Humm (ASX:HUM) founder Andrew Abercrombie to sell $11m stake after board misled market on Credit Corp (ASX:CCP) bid.

ARC Funds (ASX:ARC) announced a conditional agreement to acquire a 25% minority stake in the business news platform, Ausbiz Group.

Shoqat Bunglawala, head of multi-asset solutions at Goldman Sachs, discusses portfolio diversification, tail-risk protection and why he's still "constructive over the medium term" in spite of the uncertainty around the war in the Middle East.

ARC Funds (ASX:ARC) has entered into non-binding term sheets for the strategic disposal of two non-core assets.

TCW Group's Katie Koch sees buying opportunities in private credit and says the firm is looking to deploy capital across fresh loans and rescue financing. "As the crowds go for the exit, this is the moment where people should be buying," the asset manager's CEO told Bloomberg's The Pulse with Francine Lacqua.

Victory Capital Holdings has entered a bidding war for Janus Henderson Group. It's offer for $57.04 a share now tops a bid made by Nelson Peltz's Trian Fund Management. Kevin Ryan of Bloomberg Intelligence has more on Bloomberg Open Interest.

Jean Hynes, CEO of Wellington Management, discusses investment strategy and the growing role of private assets in portfolios with Romaine Bostick and Katie Greifeld on "The Close." She says the firm believes it has a "real edge" in its investments.