King of castle forges alliance
Recently formed Australian investment company Castle Capital Management has formed an alliance with European specialist fund manager Kempen Capital Man-agement (UK).
Recently formed Australian investment company Castle Capital Management has formed an alliance with European specialist fund manager Kempen Capital Man-agement (UK).
Russell Hooper, Castle Capital’s chairman and formerly head of Advance Asset Management, says Kempen (UK) will manage, on behalf of Castle, an investment portfolio of European growth stocks, specifically in the European small cap and new market sectors.
“These sectors of the European market are difficult for local investors to access di-rectly in Australia. And, presently, these sectors of the market are enjoying good returns,” he says.
Indeed, Edinburgh-based Kempen’s (UK) Orange New Markets Companies Fund achieved a return of 63.6 per cent for the three months to end-December, 1999.
A subsidiary of Amsterdam-based merchant bank Kempen and Co, Kempen is an active manager which uses a bottom up approach.
Castle Capital Management, a start up company formed at the end of last year, plans to focus on both retail and wholesale investment vehicles in markets not readily accessible to Australian investors.
However, chief executive Jop Werle is currently tight lipped about what’s next on the cards.
AUTHOR
Zilla Efrat
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