Challenger (ASX:CGF)

Richard Howes
Market Cap (AUD): 2.98B
Sector: Financials
Last Trade (AUD): 4.5 +0.03 (+0.67%)
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1. About

Established in 1985 and listed on the Australian Securities Exchange (ASX:CGF) in 1987, Challenger Limited is an investment management firm managing $70 B in assets. Challenger operates two core investment businesses, a fiduciary Funds Management division and an APRA-regulated Life division.

Challenger's Funds Management division manages $66.9 B and comprises Fidante Partners, which teams with boutique fund managers striving to deliver superior performance, as well as the Challenger Investment Partners business. CIP is a relative value investor, accessing opportunities globally across real estate and fixed income on behalf of institutional investors, including Challenger Life Company.

Challenger Life Company Limited is Australia's largest provider of annuities and a life company registered under the Life Insurance Act 1995. Challenger Life guarantees the capital and interest in annuitants' regular payments, providing reliable income to around 60,000 investors through its management of more than $15 billion in assets. It is regulated by the Australian Prudential Regulation Authority and must hold a minimum amount of capital, set by APRA, to ensure it can meet all investors' payments into the future.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk