Bell AM announces distribution partnership with US manager
Melbourne-based specialist boutique global equity manager, Bell Asset Management (Bell AM) has announced a joint venture distribution partnership with US-based Spouting Rock Asset Management, a multi-boutique manager platform providing investment solutions and services.
The strategic partnership would be expected to create a distribution platform for Bell Asset Management’s global equity strategies in the Americas, including the development of several collective investment trusts.
Bell AM said it had a long history of managing assets for US pension funds and offered both global all-cap and SMID-cap strategies.
Spouting Rock was a specialist in providing alternative, traditional and thematic investment solutions that helped enhance portfolios and protect wealth.
"Leveraging our existing network and expanding further into the U.S. market is the next step in the evolution of Bell Asset Management,” Bell AM’s chief investment officer, Ned Bell.
“Spouting Rock’s trusted relationships, forward-thinking investment approach and shared services model will be invaluable to our team as we bring our investment solutions to the Americas.”
“We’re excited to welcome our Australian partners to the Spouting Rock family,” chief executive of Spouting Rock, Andrew Smith, said.
“For nearly two decades, Ned and Adrian have built several highly successful strategies across global equities. Bell Asset Management’s complementary strategies, ESG capabilities and unparalleled professionalism serve as a strong foundation for this partnership.”
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.