Northcape Capital and Warakirri AM team up
Northcape Capital and Warakirri Asset Management have announced they have entered into a strategic partnership that will see Northcape become the underlying investment manager for a number of Warakirri’s funds.
Under the terms of the deal, Warakirri would also become the exclusive partner for Northcape’s Australian, global and emerging market equity capabilities in the family office, high net worth (HNW) and retail segments of the market.
Michael Ryan, Northcape managing director, said his company was looking for a distribution partner that was aligned to its philosophy of delivering service and quality investment outcomes to its clients.
“This partnership provides an ideal opportunity for us to diversify and grow our business, whilst maintaining our focus on our institutional clients,” he said.
As part of this partnership, Warakirri would award Northcape the first mandate for the Northcape Global Equity Strategy which was launched in August 2019.
Also, Warakirri would continue to apply its ethical overlay across its suite of ethical Australian and global equity offerings which it has been implementing on behalf of clients since 1993, it said.
AUTHOR
Oksana Patron
Recommended for you
Retailisation of private markets such as evergreen funds may seem like appealing options for wholesale and retail investors, but providers risk undermining trust if their products are unclear.
Ethical investment manager Australian Ethical has seen its funds under management rise by a third over FY25 to close out the year at $13.9 billion.
BlackRock Australia’s head of intermediary distribution James Waterworth has taken up a new distribution role at an alternative asset manager, while Antipodes has hired a distribution director.
BlackRock’s iShares ETFs have reported a record first half for inflows, gaining US$192 billion in the past six months, to see overall ETF assets under management rise to US$4.7 trillion as it launches its first active ETF in Australia.
