US boutique to establish beach-head in Australia
US boutique fund manager Ariel Investments will open its first offshore office in Sydney and has named a former AXA Rosenberg executive to head up the local operation.
Former head and director of sales, Asia Pacific for Artio Global Investors, Ian M Webber has taken on the role of Head of Asia Pacific with Ariel which will initially market a global equities fund - Ariel Global - to Australian and Asian institutional investors.
Prior to working with Artio Webber held roles with AXA Rosenberg Investment Management, Salomon Smith Barney/Citigroup Asset Management and J.P. Morgan Investment Management.
Ariel Investments chief investment officer, international and global equities Rupal J. Bhansali said pension and super funds in the Asia-Pacific region were seeking funds that could provide capital appreciation driven by a proven investment process and a cohesive team.
""This is exactly what we bring to the table. From our negative screening process to our 360-degree scenario analysis, along with our rigorous attention to risk management, we have developed a robust and repeatable investment process to meet client objectives."
While the also offers investments into all-cap global and international equity portfolios and US small- and mid-cap equities strategies, the Ariel Global product to go on offer locally will be benchmark agnostic and invest in 75 to 100 stocks with a higher concentration across the top 10 holdings.
AUTHOR
Jason Spits
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
