Pinnacle launches new boutique fund
Pinnacle Investment Management has launched a new boutique fund, Firetrail Investments, which will be led by ex-Macquarie Australian equities team members, Patrick Hodgens and Blake Henricks.
Firetail is a specialist in high-conviction investment products, with all investment staff having equity in the firm and co-investing in its investment strategies.
Both Hodgens and Henricks worked together for more than a decade and have years of experience as portfolio managers for the Macquarie High Conviction Fund, which was one of the top-performing Australian equity funds within the Mercer Performance Survey of the Australian Shares (Long Only) universe.
Firetrail Investments launched two high-conviction products which have been open to investors since March: the Firetrail Australian High Conviction Fund and the Firetrail Absolute Return Fund.
“Pinnacle has a strong track record investing in equities boutiques, backed by a high-quality distribution capability,” Hodgens said.
“We are very excited to launch an investment management boutique, focused on our aim of delivering outstanding returns for clients.”
Zenith has granted the Firetrail Absolute Return Fund and Firetrail Australian High Conviction Fund “recommended” and “highly recommended” ratings, respectively.
AUTHOR
Oksana Patron
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