Bennelong Funds Management’s UK arm, BennBridge, will launch boutique asset management business, Skerryvore Asset management, in partnership with emerging markets equities manager Glen Finegan.
The Edinburgh-based manager said it looked to generate long-term returns through emerging markets.
Bennelong and BennBridge chief executive, Craig Bingham, said Finegan was a manager with an outstanding reputation, had an “enviable” track record, and his investment philosophy was in line with the two firms.
Finegan has been on gardening leave after being the former head of emerging market equities at Janus Henderson. His departure was followed by an exodus of the four emerging markets fund managers at Janus Henderson.
Finegan said he chose BennBridge due to its proven success in partnering with quality asset manages along with its clear alignment of interests.
“I’m committed to continuing to invest according to my established philosophy and process, and am pleased that fits so well with BennBridge’s business,” Finegan said.
Bingham noted that the firm would continue to focus on partnering with “exceptional investment talent to bring quality funds to market”.
“While each of our boutiques has its own distinctive philosophy and approach, they all believe in the benefits of active investment management,” Bingham said.
“They are also all the majority owners of their businesses and invest in their own funds, ensuring their objectives are the same as our clients in always aiming for high performance.”