UK investment manager targets Aussie instos
UK-based investment manager Marylebone Partners is expanding into Australia and New Zealand by retaining the services of third-party distribution company 3PD Pty.
The global absolute return firm focused on direct investments in public equities with allocations to managers who operated in specialist areas.
While the firm originally targeted family office clients, it said it was seeing growing appeal from institutional clients and was keen to raise further assets from investors in Australia and New Zealand.
Dan Higgins, founder of Marylebone Partners, said he believed the current market climate played well to the firm’s strengths.
“The extraordinary events of the past year should play to our strengths. With many markets now back at all-time highs and interest rates at zero, a conventional mix of assets is unlikely to deliver the outcomes that Australian clients need.
“By contrast, we can offer high-conviction, active management and use our network and resources to access idiosyncratic investment sources that should continue to deliver. In combination, we have the tools and experience to take advantage of substantial distortions that result from macro uncertainty and the short-termism of other.”
Robert Harrison, founder of 3PD Pty, said he opted to work with Higgins as the firm offered a “differentiated, repeatable and complementary” strategy for investors.
AUTHOR
Laura Dew
Recommended for you
A fourth private credit fund has received interim stop orders from ASIC following the regulator’s surveillance review.
Perpetual is yet to confirm a buyer for its planned wealth management disposal, but has reported strong asset management inflows in the first quarter.
Two ETF fund managers have opted to switch away from Cboe and onto the ASX in search of better broker connectivity.
The former CEO and co-founder of Zenith Investment Partners has switched sides and moved in-house to take up an executive role at a listed fund manager.
