Ares Management and Fidante Partners team up for alternative investment

Ares Management Corporation Fidante Partners Challenger Limited partnership joint venture alternative investments real estate private equity credit Ares Australia Management AAM nick Hamilton

4 October 2019
| By Oksana Patron |
expand image

US-based alternative investment manager, Ares Management Corporation, and Fidante Partners, a part of Challenger Limited, have announced a strategic joint venture in Australia to co-ordinate the marketing and investment management of retail and institutional investor capital for Ares’ various credit, private equity and real estate strategies.

Additionally, the two companies formed Ares Australia Management (AAM)to support the joint venture which would act as the investment manager for new investment vehicles specifically structured for investors in Australia and New Zealand.

The firm said AAM would be well-positioned to benefit from long-term trends in the Australian market such as the superannuation system and under allocation to global fixed income assets by Australian investors.

It would be headed by a board of directors including representatives from Ares and Fidante and would be based in Sydney.

Ares’ managing director and relationship manager Bill Entwistle would be headquartered in Sydney, with Entwistle continuing as a senior member of the Ares and Fidante relationship management effort in Australia.

“Fidante’s joint venture with Ares will provide local investors access to additional investment expertise in credit, which will play an important role in delivering high quality diversified returns for investor portfolios,” Challenger Funds Management chief executive, Nick Hamilton, said.

“We look forward to launching a range of investment strategies in collaboration with Ares and help build Ares Australia Management into a successful specialist asset manager.”

Read more about:


Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry




Well done Keith and Neil, these Canberra Bureaucrats need to be stopped. ...

1 day 14 hours ago

WHEN I RETIRED A LOT OF GUY'S WERE STILL PRACTICING FORMS OF COLD CALLING. There nothing wrong with it as a way of estab...

2 days 13 hours ago

I thought you joined a dealer to be protected and have a better version of regulation explained, BUT The dealers themsel...

2 days 14 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

1 week 2 days ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

3 weeks 3 days ago

ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes....

2 weeks 3 days ago