K2 Asset Management AUM reaches $5.77 billion
K2 Asset Management Holdings Ltd (ASX: KAM) reported total assets under management (AUM) of $5,772.3 million for K2 Asset Management Ltd at 1 October 2026, in a monthly AUM update lodged on 7 October 2026.
The update also confirmed that four new managers have onboarded to the Responsible Entity (RE)/Trustee pillar this quarter, with total funds under management (FUM) across their products of AUD $1.08 billion.
The figures are unaudited. The company directs readers to Total AUM for the aggregate non-duplicated figure.
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Four new mandates add $1.08 billion
The announcement describes the new mandates as a key development for the quarter. For investors, the update shows where recent activity has been concentrated within the group’s service offering.
What the new managers bring
Key details disclosed in the announcement include:
- Four new managers onboarded to the RE/Trustee pillar this quarter
- Total FUM across these products of AUD $1.08 billion
- Exposure predominately to USD
- Products that comprise both transitions from competitors and newly launched funds
The announcement does not name the managers or the funds involved.
The company also stated that it continues to maintain “a strong pipeline of new fund launches and transitions of established products.” No detail on the size or timing of that pipeline was disclosed.
AUM breakdown across three pillars
The table below sets out AUM by service pillar at 1 October 2026, as reported by the company.
| Pillar | AUM ($million) |
|---|---|
| Responsible Entity (RE), Trustee & Administration Services | $5,519.1m |
| Exchange Traded (ETF) & Listed Fund Services | $238.5m |
| Funds Management & Investment Advisory | $217.3m |
| Total AUM | $5,772.3m |
The RE, Trustee & Administration Services pillar is by far the largest contributor at $5,519.1m. That is the pillar the four new mandates joined, which is why they feature prominently in the update.
Understanding Responsible Entity and Trustee services
A Responsible Entity operates a managed investment scheme and is legally accountable for it. Trustee and administration services support the day-to-day operations of a fund.
When managers onboard products to this pillar, the funds they bring add to the platform’s AUM base. The announcement does not disclose fee rates or revenue impact.
K2 describes its three pillars as:
- Responsible Entity (RE), Trustee & Administration Services
- Exchange Traded (ETF) & Listed Fund Services
- Funds Management & Investment Advisory
The announcement clarifies that Funds Management consists of the K2 Opportunities Fund, Select International Alpha Fund, SMAs and private mandates. Investment Advisory incorporates the investment mandate appointed to the K2 CIO Office, while Listed Fund Services refers to the fund administration services for ASX listed funds with K2 as RE.
Building sustainable growth across three pillars
The company stated that KAM “continues to build sustainable business growth across the three core pillars of service offering.”
For investors, the update points to a service model spread across three lines, alongside a stated pipeline of new fund launches and transitions of established products. The announcement provides no further detail on the timing or scale of that pipeline.
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