Seer AM looks to raise $4 million
Seer Asset Management is seeking to raise $4 million in new capital to fund its further business growth and seed its specialist global equities Mega Trend fund, which has been built based on a multi-thematic investment philosophy.
The new investment vehicle, the Seer Mega Trend Fund, would invest in listed shares in Australia and overseas with a focus on extracting value from the mega trends identified by Seer.
The trends would include healthcare, agriculture, the rise of the individual, globalisation, energy and disruptive technology.
The offer included 40 million converting preference shares at $0.10 per share with a 10 per cent unfranked dividend and a free one-for-one option at $0.20, the firm said.
This means the offer, if fully subscribed, would see existing shareholders, including directors, retain around 43 per cent of the company.
According to Seer’s managing director, Steve James, the offer would also provide investors with the opportunity to become an early-stage investor in a multi-thematic fund manager with a clear growth path.
“As co-investors in both the manager and the underlying funds, investors will have exposure to a strong portfolio of the Mega Trends, SRI and global markets while also benefitting from the growth of the manager (Seer)," he said.
“Through extensive research our multi-thematic investment approach, applied across our investment strategies, includes identifying six world Mega Trends critically shaping the future and investment outcomes.”
Seer AM was set up by Australian stockbroking veteran Peter LeMessurier, former CommSec executive Steve James and head of investments Alice LeMessurier.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
