3 Aussie managers added to charitable Third Link Growth Fund
Three Australian fund managers have been added as underlying managers for the Third Link Growth Fund.
Firetrail Investments, Australian Eagle Asset Management, and Chester Asset Management bring the total number of underlying managers to 14. Existing managers include DNR Capital, Eiger Capital, Pengana, and L1 Capital.
The firm said the addition of three managers will broaden its diversification and bolster its long-term return potential.
The Third Link Growth Fund aims to invest in Australian equities with the aim of outperforming the ASX 300 after fees over rolling five-year periods. Exposure to an underlying manager is limited to a maximum of 25 per cent of the fund value.
New managers are chosen based on their investment style and process, investment team expertise over different market cycles, and correlation issues.
Firetrail Investments, part of Pinnacle Group, runs the high-conviction Firetrail Australian Small Companies Fund. This targets ASX 100 companies which are demonstrating under-researched opportunities with attractive long-term growth potential.
Australian Eagle Asset Management runs the Australian Eagle Equities Fund which targets long-term capital growth via 25–35 large-cap stocks. These companies are those which have strong fundamentals undergoing meaningful change that can enhance their earnings profile.
Finally, Chester Asset Management runs the Chester High Conviction Fund, an Australian equities fund focusing on high-conviction stocks.
Founder and portfolio manager, Chris Cuffe, said: “We’re thrilled to welcome Australian Eagle, Chester, and Firetrail to the fund. Their inclusion strengthens what is now a stellar line-up of investment managers.
“By leveraging their expertise, we aim to enhance investment performance for our investors, while continuing to support our nominated charities through the generous rebate of all management and performance fees.
“We look forward to building strong relationships with these managers to drive long-term returns and deliver real social outcomes through ongoing charitable support.”
The Third Link Growth Fund is a fund of funds that donates its management fee, net of expenses, to charity as its underlying managers rebate their management and performance fees. Since inception in 2008, it has donated $23 million to non-profit organisations.
AUTHOR
Laura Dew
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
