Former UBS small cap specialists John Campbell and Jeremy Bendeich have launched Avoca Investment Management in partnership with Bennelong Funds Management.
Avoca is majority-owned by Campbell and Bendeich, and Campbell will serve as managing director and portfolio manager, while Bendeich has taken on the roles of chief investment officer and portfolio manager.
Another former UBS portfolio manager, Michael Vidler, has joined Avoca as senior investment analyst.
Campbell stated that the partnership with Bennelong would enable the small cap manager to be nimble and proactive, while supported by the strength and backing of the Bennelong team.
Bennelong Funds Management chief executive officer, Jarrod Brown, said Bennelong had been looking to expand into the small caps sector for some time.
