Ironbark and Karara partner on fund
The company that earlier this year grew out of changes at Deutsche Bank, Ironbark Asset Management, has entered into a partnership agreement with specialist Australian equities manager Karara Capital Limited to launch a new fund.
The two companies will early next year launch the Ironbark Karara Australian Share Fund, with Ironbark having exclusive retail distribution rights.
Commenting on the move, Ironbark chief executive Chris Larsen said it was consistent with the company’s business model to partner with best in class managers in each asset class.
“Obviously, Australian equities is an incredibly important asset class for us and we wanted to work with a partner that possessed a strong brand, process, philosophy and performance,” he said.
AUTHOR
Mike Taylor
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.
