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Generation Development Group (ASX:GDG), an investment bond, annuity and managed accounts business, is closely watched by fund managers for its growth. In August 2026, Pendal Group reported GDG fell 16% after an in-line FY26 result, as outlook comments on cost growth disappointed. In July, Ausbil and Endeavor noted a 15% rise after an excellent quarterly update that reversed consecutive managed account misses, with group funds under management up 36% to $46.4 billion. QVG noted low expectations ahead of the update, and Wilson Asset Management described its diversified financial services model. Generation Development Group operates in the Financials sector within the Insurance industry, and Thesis Tracker has captured 69 comments from 24 fund managers, including Pendal, QVG, Ausbil, Endeavor and Wilson. Headquartered in Melbourne, GDG provides investment bonds and lifetime annuities through Generation Life, managed accounts through Evidentia and investment research through Lonsec.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Ausbil Investment Management, Yarra Capital Management, Datt Capital, River Capital, Pengana Capital Group, Firetrail Investments, QVG Capital, Ophir Asset Management, Blackwattle Investment Partners, Wilson Asset Management, Ellerston Capital, Paradice Investment Management, Tyndall Asset Management, Cerutty Macro Fund, Hyperion Asset Management, Pendal Group, 1851 Capital, Ten Cap, Glennon Small Companies, Argo Investments, Endeavor Asset Management, Lakehouse Capital, Tamim Funds Management, Cadence Capital, Katana Asset Management, SG Hiscock & Company and Investors Mutual Limited have invested in Generation Development Group Ltd (ASX:GDG).
Managers highlight strong funds under management growth, record Generation Life sales and recovery in managed account inflows, according to Ausbil, Endeavor and Wilson Asset Management.
Pendal notes outlook comments on rising costs and investment disappointed, causing a 16% share price fall, and QVG observed earlier misses in managed account flows.
Generation Development Group Ltd. provides development capital to financial sector businesses. Founded in 1991 by Martin Edward Ryan and headquartered in Melbourne, Australia, the company operates through three segments: Benefits Funds Management and Funds Administration, which provides administrative and management services; Other Business, encompassing investment associates; and Benefits Funds, which manages the results and financial position of the funds. The company focuses on supporting long-term financial growth and asset management within the benefits sector.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.