Mariner has acquired a 10% stake in funds management business, Viento Group, for an undisclosed amount, Investor Daily reports. The Australian Stock Exchange (ASX) listed corporate investor acquired the stake from ASIC in a formal tender process.

Viento, which was established in 2001 as an ASX-listed funds management and property services company, has around $225 million in assets under management. Mariner seeks to fund the acquisition by selling its shares.

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