Bennelong stretches globally
Bennelong Funds Management (BFM) has partnered with US-based equities manager, Security Global Investors (SGI), and launched its global equities capability.
Named Bennelong SGI, the team will initially manage a global equities (long only) fund, however, it plans to roll-out additional funds in coming months.
BFM’s chief executive officer Jarrod Brown said, “obviously we’re keen to continue growing in-house asset management capabilities, but we made a decision that it would be virtually impossible to replicate locally the calibre of global investment capability we have discovered in SGI”.
Speaking about Bennelong, SGI chief executive Rich Goldman said, “we’re very comfortable with the logic behind their growth strategy. Our business models are aligned and their boutique structure and culture provide an excellent fit with SGI’s.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
