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.
