Challenger Limited (Challenger) is an Australian investment management company. It is publicly traded on the Australian Securities Exchange and is a constituent member of the S&P/ASX 200 and S&P/ASX 300 indices. It is largest provider of annuities in Australia.
Background
Challenger was founded in 1985 by Bill Ireland who was previously a stockbroker and an art gallery owner. Originally, Challenger was established as a hotel management business.[2][3][4]
Challenger held its initial public offering on the Australian Securities Exchange 10 days before Black Monday in 1987. Afterwards Ireland changed the direction of the company to focus on