New boutique manager open for business
Two former Hunter Hall global equity portfolio managers have formed a new boutique funds management business, Morphic Asset Management.
Morphic is a global equities manager founded by Jack Lowenstein and Chad Slater, formerly of Hunter Hall, who will be its joint chief investment officers and part-owners.
With Perpetual Trust Services as its responsible entity, the boutique has also come out with its first product, Morphic Global Opportunities Fund (MGOF).
MGOF will be targeted at both wholesale and retail investors and will invest in global equities, the firm has announced.
Morphic will be majority owned by the founders and staff, with the other large shareholder being a private equity fund established by Innova Portfolio Management and available on the e-Clipse UMA platform.
Innova and the e-Clipse UMA Platform are majority owned by a financial planning dealer group Fortnum Financial Group.
The two founders have been joined by research manager Tim Cheung and risk manager Geoff Wood.
"Despite market chaos, equities are one of the few ways to protect wealth, and so if you combine research with flexible hedging strategies, then global equities are going to represent the wisest diversification of capital risk in current times," Mr Lowenstein said.
Minimum investment in MGOF is $10,000, with minimum additional investments of $5000.
Recommended for you
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.
Ahead of the approaching end of the financial year, State Street has shared five tips for advisers who are using ETFs in their client portfolios.
The use of active ETFs in model portfolios by financial advisers is a key factor in the growth of the products for iShares, according to BlackRock.
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.
