Karara Capital to focus on Australian equities
Karara Capital is set to restructure its business to have a core focus on active Australian equities investing.
The restructure comes after 18 months in the venture and will see the business divided in half, with Karara Capital focusing on Australian equities and its other half, financial services organisation Bell Asset Management, formally Bell Group, retaining the existing international equities business and its interests in the Bridgewater Managed Funds and Global Mining Investments.
Karara Capital managing partner David Slack said the business would be profitable from the outset, with more than $700 million in funds under management at the end of October.
He said key investment staff will continue to manage Australian equities using the same investment process and will assume the current Australian equities mandates and trusts, however, there will also be more focus on small caps.
Slack said Karara Capital would be wholly owned by its employees, with Slack, Rohan Walsh and Luke Sinclair as directors. Akshay Chopra and Peter Kormendy will remain as analysts and Shane Delphine will join the company as investment manager.
A dealer will also be appointed to the Karara investment team.
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