BAEP launches new fund
Bennelong Australian Equity Partners (BAEP) has announced a September launch of its new Bennelong Emerging Companies Fund which will target both retail and wholesale investors.
According to the company, the new fund would be managed with the same investment approach as its existing Australian equity funds and would invest mostly in micro and small capitalisation stocks listed on the Australian Securities Exchange (ASX).
Also, BAEP has recruited a former Ausbil Investment Management’s analyst, Josh Clark to join the existing investment team, run by Mark East, in its management of the new fund.
The company also said that the new fund would also leverage “the benefits that come with approximately $6 billion of funds under management”, into a microcap offering.
Bennelong’s investment director, Julian Beaumonth, said: “The Bennelong Emerging Companies Fund represents a natural extension of BAEP’s current offering to clients.”
“In some respects, the new microcap fund will also support our existing funds.
“For example, it is likely to mean we discover up and coming opportunities, some of which may grow their way into a size suitable for investment in the large-cap funds.”
AUTHOR
Oksana Patron
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
