Treasury Group has established a new value style boutique asset manager in the Australian and New Zealand equities space.
Cannae Capital Partners, which will open in September, is Treasury Group’s third Australian equities boutique manager, along with Investors Mutual and Orion Asset Management.
Former Perennial Value Management portfolio manager Hugh Giddy has been appointed to head up Cannae. He will be joined by portfolio managers Andrew Forster, recruited from Deutsche Asset Management, and David Greer, recruited from Macquarie Equities.
Treasury Group managing director David Cooper said the new boutique, with its “team of excellent stock pickers”, would add a lot of value for investors over the long term.
“Australian equities remain the most significant asset class for institutional investors, and there is continuing demand for quality boutique investment teams,” he said.
