MGI spawns boutique
Macquarie Global Investments has launched a new institutional boutique investment vehicle, Queen Street Partners, which has been tasked with developing and managing a range of specialist, multi-manager funds.
The new boutique will be headed up by Steven Vaughan and separately branded, but 100 per cent owned by Macquarie Global Investments.
Commenting on the move today, Macquarie Global Investments head Matthew Rady said Queen Street Partners would be an alternative investment management business with boutique-style operational independence.
“We are very fortunate to secure the expertise of Steven Vaughan, who is now employed exclusively by Macquarie Investments,” Rady said. “Steven has significant experience in the selection of boutique investment managers and also in advising on business strategy and product design.”
He said that with the backing of Macquarie Global Investments, Queen Street Partners would initially build a fund focused on early stage boutique fund managers.
Rady said that while Queen Street Partners would be dealing in the very specialised area of emerging managers, it had already generated a great deal of interest from large superannuation funds and institutional investors.
AUTHOR
Mike Taylor
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
