GSFM partners with Canadian manager
GSFM has announced a partnership with Canada-based Cambridge Global Asset Management, under which it will be distributing the Cambridge Global Smaller Companies Fund in the Australian and New Zealand markets.
The fund, which earned a ‘recommended’ rate from Zenith, aimed to provide long-term capital growth by investing in companies with a market capitalisation of less than US$10 billion which are located anywhere in the world, except Australia, the firm said.
Cambridge Global was founded in 2008 and manages over $US20 billion in assets on behalf of both retail and institutional clients. The fund was run by Brandon Snow, Robert Swanson, Stephen Groff, and Greg Dean.
GSFM’s chief executive, Damian McIntyre, sad that global small caps were an attractive opportunity for Australian investors.
“Cambridge believes stock markets are inefficient and opportunities arise for patient, well-informed investors to buy an ownership stake in a company below intrinsic value. This is particularly evident in smaller companies that tend to be underfollowed by the investment community,” he said.
“The fund comprises a high conviction portfolio of 30-50 companies and aims to deliver strong risk-adjusted returns.”
GSFM was majority-owned and Cambridge was wholly owned by Canada’s CI Financial Corp after CI purchased an 80 per cent stake in GSFM in November 2016.
The move followed the launch of GSFM fund manager partner, Munro Partners’, Long Short and Long Only strategies in the Canadian market late in 2018, the firm said.
AUTHOR
Oksana Patron
Recommended for you
Sydney-based alternative fund manager East Coast Capital Management has formed its first advisory council as it enters its next phase of growth.
With 40 per cent of advice practices looking to increase their ETF usage, the next frontier being embraced is smart beta ETFs with flows doubling in July, providers have said.
Australian ETFs saw flows of $5.8 billion in July, more than double the previous month, and adviser adoption is tipped to help total flows reach $50 billion by the end of the year.
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
