Former UBS managers launch small cap boutique
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.
AUTHOR
Caroline Munro
Recommended for you
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.
