Australian Eagle team to join Montgomery
The investment team of Australian Eagle Asset Management will join the team at Montgomery Investment Management in September under a sub-investment manager partnership.
Australian Eagle would manage Montgomery’s Australian domestic large-cap equities portfolios which had $650 million in two funds.
The firm also planned to expand its partnership to bring further investment strategies including a long/short investment option.
Australian Eagle was led by chief investment officer, Sean Sequiera, and senior portfolio manager, Alan Kwan.
Montgomery founder and chair, Roger Montgomery, said: “The Australian Eagle team has a strong track record of outperforming the market by following a quality-and valuation-focused investment approach that is closely aligned with our own. Until now Australian Eagle’s long-only strategy has only been available to institutional and some separately managed account clients, so we are excited to have Australian Eagle bring this capability to a portfolio for a retail trust structure in the Australian market.
“The partnership delivers on our strategy to form alliances with leading managers in Australia and overseas to offer clients more investment choices amid changing market conditions.”
Sequiera said: “We’re a great fit with Montgomery and are delighted to be entering into our partnership. Montgomery enjoys deep investor and industry relationships, expertise in managing funds which are available to retail investors and a trusted brand that has been well earned through its long-term focus on meeting clients’ needs.”
AUTHOR
Laura Dew
Recommended for you
Pinnacle remains a “standout” fund manager, according to Morningstar, amid a challenging backdrop for active asset management and the addition of a new global equities affiliate from the UK.
Platinum Asset Management saw outflows of $1.65 billion in April, partly as a result of redemptions from institutional mandates and product rationalisation initiatives.
In this latest Meet the Manager profile, Money Management speaks with Ophir Asset Management co-chief executive Andrew Mitchell.
There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney tonight.
