Hastings Funds Management has announced that Colin Atkin, chief executive of the Hastings Diversified Utilities Fund (HDF), will depart his role following the acquisition of the fund by APA Group at the end of this month.
Atkin was acknowledged by Hastings chairman Alan Cameron and chief executive Andrew Day for the "successful transformation" of HDF, which saw securityholder value rise from $600 million to over $1.6 billion in the past three years.
The announcement came as APA Group extended the offer period for its bid for all of the HDF securities to 7:00pm on 31 October.
