Fortlake hits $1b FUM
Fortlake Asset Management’s fixed interest funds under management (FUM) has surpassed $1 billion after just one year of operation – four years ahead of its schedule.
The firm continued to post inflows of more than $50 million a month and has been added to Praemium, Hub24, Netwealth and the new Blossom app, as well as winning a number of mandates.
Since inception to 31 October, 2021, the Sigma Opportunities fund returned 15.75%,the Real-Higher Income fund returned 10.87% and the Real-Income fund returned 7.46% according to FE Analytics.
Fortlake founder, Dr Christian Baylis, said the firm had expected to reach $1 billion in a five-year period.
“Major funds and platforms have recognised Fortlake’s unique offering to fixed income investors, with the backing of experienced investor capital and leading technology partners enabling us to commence operations with a fully established institutional infrastructure,” Baylis said.
“We expect that 2022 will be an exciting time for Fortlake given the high levels of volatility in the fixed interest markets both in Australia and overseas, as inflation appears to be on the rise again.”
Performance of Fortlake funds since inception
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