Avenir joins Fidante stable
Challenger's Fidante Partners has added another boutique to its representative menu.
The company announced this week that Australian-based global value manager, Avenir Capital, had been added to the list.
Commenting on the move, Challenger chief executive Funds Management, Ian Saines said it was in line with the firm's strategy to expand its product offering in sought after asset classes.
"We are delighted that Avenir is joining our stable of fund managers," he said. "It's further evidence that Fidante's multi-boutique business model, including our distribution, administrative services and strategic support capabilities, represent an attractive proposition to exceptional fund managers with strong track records."
Fidante Partners general manager, Nick Hamilton said Avenir Capital was an exceptional investment manager.
"By combining Avenir's investment capability with our Australian and international distribution channels, we are confident that the fund will continue to prosper over the coming years," he said.
Avenir Capital founder and chief investment officer, Adrian Warner said that since founding the firm, its primary focus had been on fundamental, bottom-up investment with high conviction.
"Having successfully built our investment approach over that period, I am excited by the opportunity to partner with Fidante," he said.
Recommended for you
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
