CGF eyes diversified growth

Fund manager's chief looking at investments in infrastructure and property.

Challenger (CGF) is eyeing investments in infrastructure and property, as the group looks to diversify its fund management operations, The Australian reports.

According to the newspaper, chief executive officer Brian Benari said Challenger's focus was on ensuring the quality of offerings to clients, and not merely on achieving scale, adding the business "could quite easily carry twice as many boutiques as we have today."

Mr Benari did not confirm suggestions Challenger will add two additional boutiques to its stable this year.

"How much bigger can it get? We are very optimistic about the boutique model. I can see material growth opportunities," Mr Benari told The Australian.