BennBridge UK launches third boutique
Bennelong Funds Management’s UK subsidiary, BennBridge has launched its third boutique asset management business, BambuBlack, through a partnership with UK financial and professional services firm Smith & Williamson.
The new entity would offer two Asian equities funds, with a focus on growth and income. Jane Andrews, who has over 20 years of fund management experience, would be the portfolio manager of the two funds which were also offered by Smith & Williamson.
Bennelong’s chief executive, Craig Bingham, said that the intention was to bring Australian versions of the BambuBlack funds to the local market in the second half of 2019.
“Our global focus is on partnering with high-calibre investment talent to bring quality funds to market,” Bingham said.
“BennBridge continues to seek opportunities to build high performance focused investment teams, while increasing our global distribution footprint.”
Both companies, Bennelong and BennBridge, currently partner with 10 boutique asset managers in Australia and the UK.
Bennelong also expanded into the US where the firm has its subsidiary, BennBridge US.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
