Aussie fund manager Shaws buys Devon Funds

ISG executive chair and Devon Funds founder Paul Glass. (Image: Supplied)

Tue, 24 Jun 2025

Australian funds manager and broker Shaw and Partners has bought a 75% stake in some $7 billion of funds under management by Auckland-based Investment Services Group, which includes Devon Funds.Also under the Investment Services Group (ISG) banner are JMI Wealth, Clarity Funds Management, Select Wealth Management and Tahito.Paul Glass, a long-time participant in the New Zealand investment scene, established ISG. According to the Australian Financial Review (AFR), Shaw is paying some $67.5 million on its ISG stake in order to pursue transtasman...

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