Russell looks to boutiques
David Slack
Russell has looked to two relatively new boutiques to add some impetus to two of its key funds — the Russell Australian Shares Fund and the Russell Australian Opportunities Fund.
Russell said its Australian Shares Fund had been enhanced by adding a 10 per cent allocation to Karara Capital, a newly-formed boutique Australian equity manager that is led by Rohan Walsh and Luke Sinclair, both formerly of INVESCO.
It said the firm also featured David Slack, who was previously a portfolio manager at Portfolio Partners and a foundation manager for this fund. Slack is responsible for small caps at Karara.
Russell said the change had resulted in a high conviction manager being appointed, something that was expected to increase the fund’s alpha potential.
Looking at the Russell Australian Opportunities Fund, the company said Plato Investment Management was a newly formed, Australian-owned quantitative boutique fund manager within the Pinnacle Investment Management Group.
It said the addition of Plato, an active extension manager, provided a good complement to the current fund structure, with Russell having high conviction in the investment team and their ability to outperform.
Russell said the addition of Plato’s 130/30 Active Extension strategy increased the fund’s exposure to higher alpha strategies whilst maintaining the fund’s overall style characteristics.
It said Plato’s quantitatively-driven approach to portfolio management continues to maintain stock selection as the key driver of the overall fund’s active risk.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.