Clime in trading halt
Clime Investment Management has entered a trading halt on the Australian Securities Exchange (ASX) ahead of what it has indicated will be an announcement regarding a significant strategic agreement.
The company’s trading halt request follows on from its June quarter update released to the ASX late last month in which it reported a 3% decrease in managed funds under management (FUM) which it attributed to client pension drawdowns or changes in client circumstances in the firm’s direct IMA/SMA business.
At the time, Clime pointed to the value of partnerships and collaborations and the bringing together of the Private Wealth and MTIS business to provide a full suite of wealth services to clients.
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