Bell to focus on international equities
Bell Asset Management (BAM), formally Karara Capital, will restructure its business, with the new entity to focus on international equities.
The restructure will see BAM retain its interests in the Bridgewater Managed Funds and Global Mining Investments (GMI), while the Australian equities side of the business will be outsourced to a new entity that is to continue operating under the Karara Capital name.
As a result of the restructure, BAM has announced the appointment of Ned Bell as chief executive, who will continue to be responsible for managing the international equities portfolio along with Adrian Martuccio, Mark Kelly and Joel Connell, while Nick Fels has been appointed chief operating officer.
BAM will be owned by the Bell Group and key members of the investment team.
It had over $2.5 billion in assets under management at October 2008, including funds managed by Bridgewater Associates and GMI.
The restructure is expected to be completed by early December 2008.
Recommended for you
Australian equities manager Datt Capital has built a retail-friendly version of its small-cap strategy for advisers, previously only available for wholesale investors.
The dominance of passive funds is having a knock-on effect on Australia’s M&A environment by creating a less responsive shareholder base, according to law firm Minter Ellison.
Morningstar Australasia is scrapping its controversial use of algorithm-driven Medalist ratings in Australia next year and confirmed all ratings will now be provided by human analysts.
LGT Wealth Management is maintaining a neutral stance on US equities going into 2026 as it is worried whether the hype around AI euphoria will continue.
