Atrium picks Russell Investments for strategy development
Atrium Investment Management has selected Russell Investments to enhance personalised investment solutions and opportunities for its clients.
This will include designing and actively managing a factor-based Australian equities capability and a customised global listed infrastructure portfolio.
With retail advice network Fitzpatricks being one of Atrium’s key clients, the partnership will enable Atrium to access Russell Investments’ universe of investment opportunities and strategies that would otherwise be out of reach.
Additionally, Atrium’s endowment-style portfolios and customised managed accounts will be supported by Russell Investments’ expertise in portfolio construction and manager research.
Russell Investments will also assist in both strategic and dynamic asset allocation, manager selection and monitoring, trading, liquidity management, and stress testing.
“Russell’s global capabilities and institutional-grade solutions meant it was well-placed to best serve the needs of Atrium’s clients across its endowment-type portfolios and managed accounts,” commented Neil Rogan, Russell Investments’ managing director and head of distribution in Australia and New Zealand.
“Our strong approach to risk management, portfolio implementation and capital market forecasting also set us apart during the due diligence process.”
Tony Edwards, Atrium’s chief investment officer, said the announcement marked an exciting time for the business as it begins its partnership with Russell Investments.
“Their expertise strengthens our ability to provide high-quality portfolio management and investment opportunities for our investors, and do so at greater speed,” Edwards said.
Atrium was launched in 2009 by Fitzpatricks Advice Partners – formerly known as Fitzpatricks Private Wealth – and has grown to more than $2 billion in funds under management for advisers, high-net-worth individuals and not-for-profit organisations.
The investment manager has focused on reshaping the business to improve client outcomes, lower costs for clients via scale, access a larger research capability, and enhance speed between portfolio decision-making and execution.
Atrium and Fitzpatricks Advice Partners’ parent company, Fitzpatricks Financial Group, appointed Andrew Fairweather as its group chief executive last September, replacing Jodie Blackledge who had since taken up the role of CFO at AZ NGA.
Fairweather has been working in wealth management and financial advice for 30 years, and has worked as head of business development at AMP and chief executive at Select Asset Management Australia.
The group CEO said at the time: “It is an honour to be entrusted with the leadership of Fitzpatricks Financial Group as it enters a new chapter. Having worked with the group in a consulting capacity since March 2024, I look forward to diving in further over the coming months and working closely with everyone to drive our shared vision forward.”
AUTHOR
Jasmine Siljic
Recommended for you
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.
Regal chief investment officer Philip King will step down from listed investment company VGI Partners Global Investments after the LIC reported a loss of $17.6 million for FY25.
Real asset commentators have shared what advisers should be considering when conducting their due diligence on the assets and how they can mitigate illiquidity for retail clients.
