Spheria AM finds home within Pinnacle
The former Schroder's smallcap team of Marcus Burns, Matthew Booker and Adam Lund have taken their new vehicle, Spheria Asset Management, under the Pinnacle Investment Management umbrella.
The arrangement was announced today with the two firms saying the move would enable the launch of strategies in both Australian small caps and micro caps.
Commenting on the move, Spheria's portfolio manager, Booker, said he believed there was a great opportunity in the market but also a lot of risk for the inexperienced.
"We spend our time researching beyond the management presentation and self-promotion to ensure we are only investing in businesses we understand that are also at attractive valuation," he said.
The founders of Spheria have a collective 39 years of experience in the small cap and micro cap sectors and said they had decided to partner with Pinnacle based on its reputation and proven success in supporting boutiques.
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