Specialist fixed income and currency manager Julius Baer Investments Limited has been acquired by a group of managers and employees of holding company Julius Baer Holdings.
The group has taken a 90 per cent equity stake in the UK-based subsidiary, which, effective from January 11, has been renamed Augustus Asset Managers Limited (AAML), with total assets under management of about US$9 billion.
AAML, which in Australia has a partnership with Sydney-based manager Aurora Funds Management, will continue to be managed by a management committee headed up by president Edward Dove and chief executive Tim Haywood.
The partnership involves Aurora Funds Management providing AAML with the infrastructure and administration for the Australian domiciled fixed interest fund — Aurora Absolute Return Fund.
AAML will continue to focus on the fixed income and currency asset management products that were developed as Julius Baer Investments Limited, according to Dove.
“We will continue to build our business across the entire spectrum of fixed income and currency products, from long-only to absolute return and single strategy hedge funds.”
