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Ironbark Asset Management has acquired boutique fund manager Patriot Asset Management in a move that will result in the Patriot Australian Share Fund and the Patriot Small Companies Fund being rebranded and relaunched.
Ironbark Asset Management chief executive Chris Larsen said the two funds would be rebranded in May as the Ironbark Karara Australian Share Fund and the Ironbark Karara Australian Small Companies Fund.
Announcing the acquisition, Larsen said it represented a natural progression following Ironbark’s recent strategic partnership with Karara.
“The Australian equities retail space is very competitive, and this acquisition provides Ironbark with the platform to launch our two Australian share funds,” he said.
Larsen said Patriot’s current small companies portfolio manager, Nick Greenway, would be joining the Karara small companies investment team following the completion of the acquisition.
