Ardea hits $10bn FUM
Fixed income specialist, Ardea Investment Management has hit the $10 billion in funds under management (FUM) milestone.
The firm said that strong performance and careful risk management had helped drive institutional and retail client growth.
Ardea’s principal, Ben Alexander said: “Key to this has been the stability of the team, the diversity of our experience across global markets and our ability to tailor performance outcomes for larger clients.
“Most importantly, Ardea is grateful to the many clients who have supported us over the years and given us the opportunity to build a significant business.”
Ardea, which manages a range of defensive fixed income strategies, including absolute return, benchmark aware and objective based solutions, invests across Australian and global government bonds, fixed income derivatives, inflation-linked bonds and investment grade credit.
The company said that of particular note had been the strong growth in Ardea’s absolute return focused, ‘Real Outcome’ strategy, which now had in excess of $1bn under management and to which investors had been attracted by the strategy’s ability to deliver absolute returns irrespective of broader market conditions.
Ardea offers tailored mandates to institutional investors, as well as broader institutional, wholesale and retail access via three unit trusts; Ardea Real Outcome Fund, Ardea Real Outcome Plus Fund and Ardea Australian Inflation Linked Bond Fund.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
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.
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.
