Ironbark teams up with Sydney fund manager
Ironbark Asset Management has announced a strategic partnership with an Australian private fund manager, Denning Pryce.
Ironbark's head of distribution, Alex Donald, said there was a strong demand for more outcome-based portfolio solutions that offered regular income, low volatility and a focus on total returns, particularly in the pre and post-retiree space.
"Over the course of 2017 and in response to investors' needs, we will launch Australian equity and a global product for Australian retail clients," he said.
"Denning Pryce runs a highly rated capability with an established track record in portfolio hedging and volatility management for institutional clients.
"Aside from the retail market, we're also working with institutional and wealth management clients to create bespoke solutions for their unique market segments. Our strategic partnership has been received well by the market and we've had lots of interest already."
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
