The company that earlier this year grew out of changes at Deutsche Bank, Ironbark Asset Management, has entered into a partnership agreement with specialist Australian equities manager Karara Capital Limited to launch a new fund.

The two companies will early next year launch the Ironbark Karara Australian Share Fund, with Ironbark having exclusive retail distribution rights.

Commenting on the move, Ironbark chief executive Chris Larsen said it was consistent with the company’s business model to partner with best in class managers in each asset class.

“Obviously, Australian equities is an incredibly important asset class for us and we wanted to work with a partner that possessed a strong brand, process, philosophy and performance,” he said.