Bennelong expands to New Zealand
Boutique fund manager, Bennelong Funds Management has expanded its distribution into New Zealand, enabling local advisers to invest in nine of its funds.
The fund manager, which currently has over $8 billion funds under management in the Australian market, said it saw a ‘strong appetite' for Australian funds in New Zealand.
The funds that would be available to New Zealand investors included:
- Australian equities, large and mid-caps: Bennelong Australian Equity Partners' four funds;
- Australian equities, small caps: Avoca Investment Management;
- Australian equities, index unaware: Touchstone Asset Management;
- Global real estate: Quay Global Investors;
- Global Infrastructure: 4D Infrastructure; and
- Absolute return: Kardinia Capital.
"It's a really exciting time here at Bennelong," Bennelong chief executive, Craig Bingham, said.
"Due to the success of our boutiques and their funds in the Australian market, we are expanding our distribution footprint on a global scale including Europe with the opening of the BennBridge office in London, and the exploration of business opportunities in the United States."
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
