Ironbark takes Patriot funds
|
|
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.
AUTHOR
Mike Taylor
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
