Warakirri AM buys 50% in Flinders Investment



Warakirri Asset Management has announced it has entered a strategic partnership with Flinders Investment Partners which will see it acquire 50% of Flinders and provide capital to support its further growth through its suite of services such as administration, marketing and distribution.
Flinders was set up in 2015 and was a small companies specialist manager, responsible for the Flinders Emerging Companies fund. The investment team include Andrew Mouchacca, Richard Macdougall and Naheed Rahman.
“We are excited to announce this partnership as we build out our multi boutique platform and importantly it provides Warakirri with a complimentary investment offering and diverse client base,” Jim McKay, Warakirri managing director, said.
“Our investment will ensure Flinders’ ongoing success and importantly enable the investment team to continue to focus on delivering top quartile returns for small cap investors.”
Berkshire Global Advisors served as investment banking advisor to Warakirri on this transaction.
Recommended for you
Wealth managers who lack expertise in alternatives could find themselves at risk of losing clients, according to iCapital, with a shift towards evergreen funds already at play in their asset allocations.
The development of semi-liquid private equity funds is providing an easier way for wealth managers to access the asset class, according to a panel, while firms are substantially improving their valuation processes.
Generation Development Group has appointed former Evidentia chief executive Peter Smith as an executive director.
Equity Trustees has paid three infringement notices issued by ASIC in which the corporate regulator alleged it made misleading statement about investments in a sustainable bond fund.