Former UBS managers launch small cap boutique
Former UBS small cap specialists John Campbell and Jeremy Bendeich have launched Avoca Investment Management in partnership with Bennelong Funds Management.
Avoca is majority-owned by Campbell and Bendeich, and Campbell will serve as managing director and portfolio manager, while Bendeich has taken on the roles of chief investment officer and portfolio manager.
Another former UBS portfolio manager, Michael Vidler, has joined Avoca as senior investment analyst.
Campbell stated that the partnership with Bennelong would enable the small cap manager to be nimble and proactive, while supported by the strength and backing of the Bennelong team.
Bennelong Funds Management chief executive officer, Jarrod Brown, said Bennelong had been looking to expand into the small caps sector for some time.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
