Dexion Capital, a UK-based alternative investments group, has re-branded itself as Fidante Partners.

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This rebrand follows the acquisition of Dexion Capital in July 2015 by Fidante Partners for £19.6m.

Fidante Partners is the fund management business of Challenger Limited, an Australia-listed company with AUM equivalent to $42bn.

The combined business, which will operate as Fidante Partners and Fidante Capital, includes an international investment management business which is fully owned by Challenger.

Fidante Partners managing director Phil Peters said: "Today’s announcement is the culmination of a process that makes us well placed to increase our international distribution capabilities and expand our range of products. By adopting a "one brand" strategy, we can focus on growing and delivering one international investment management business."

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Fidante Partners executive director Robin Bowie said: "Joining forces with Fidante and being part of the successful Challenger Limited group will enable us to provide our investors and managers with an expanded service offering and wider distribution capabilities."