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
High-net-worth advisers seeking to grow their businesses are likely to find alternatives to be a key part of the puzzle amid investor demand, according to Praemium’s head of private wealth.
The financial advice profession has lifted back above the 15,500 mark this week thanks to a double-digit net rise in adviser numbers, according to Wealth Data.
A closer watch on licensees that fall short on cyber security protections is among a dozen new enforcement priorities announced by the corporate regulator for 2025.
Research house Morningstar has welcomed a new director for manager research to cover Australian and New Zealand fund managers.
