Challenger Limited
(ASX:CGF) is eyeing investments in infrastructure and property, as the group looks to diversify its fund management operations, according to media reports.
Chief executive officer Brian Benari reportedly says Challenger's focus is on ensuring the quality of offerings to clients, and not merely on achieving scale.
He says the business could easily carry twice as many boutiques as it has, but did not say if the fund would add more boutiques to its stable.
Mr Benari says Challenger is very optimistic about the boutique model, with material growth opportunities expected.
Challenger generated a net profit of $461.3 million in fiscal 2013.
