Fidante buys minority stake in Latigo Partners
Fidante Partners has announced a strategic partnership and an acquisition of a minority stake in Latigo Partners, a fund manager “specializing in event-driven investing”, in a move to expand its alternative offerings.
Under the terms of the deal, the Life division of Fidante’s parent company, Challenger made an investment in Latigo’s funds.
Latigo, which was founded in 2005 by co-portfolio managers David Ford and David Sabath, offered strategies that included distressed securities, special situations and long/short credit and equity investing.
Under the new partnership, Latigo would be provided with access to long-term global institutional investors, that included sovereign wealth funds, national pensions and superannuation funds, thanks to Fidante’s distribution and business development expertise.
Fidante’s global head, Cathy Hales said: “The investment and partnership with Latigo is part of Fidante Partners’ global growth plans.”
“Latigo’s event-driven investment strategy is highly relevant in today’s investment climate. We are excited by the opportunity to partner with a high-quality team and bring their active investment management skills to the attention of institutional investors in the UK and Europe, in addition to other key markets such as Australia and Japan.”
“We believe we have found in Latigo a very positive business culture fit with the Fidante team.”
AUTHOR
Oksana Patron
Recommended for you
Nuveen has made its private real estate strategy available to Australian wholesale investors, democratising access to a typically institutional asset class.
VanEck is expanding its fixed income range with a new ETF this week to complement its existing subordinated debt strategy which has received $1 billion in inflows this year.
Specialist global equities manager Nanuk has celebrated 10 years of its flagship New World Fund and is actively considering its next possible vehicle.
Australian equities manager Datt Capital has built a retail-friendly version of its small-cap strategy for advisers, previously only available for wholesale investors.
