Copia signs exclusive distribution partnership with ECP
Multi-boutique asset management firm Copia Investment Partners has announced a strategic partnership with ECP Asset Management, where the former will provide exclusive retail distribution and marketing support for the latter.
Sydney-based ECP Asset Management was the fund manager for listed investment company ECP Emerging Growth Limited, formerly Barrack Street, founded by ex-Hyperion founder Emmanuel Pohl who was their chief investment officer.
“Copia has a proven track record in raising assets in the financial advice channel and we view our partnership as a good strategic and cultural fit,” Pohl said.
Copia would also act as the responsible entity for the ECP Growth Companies Fund, which would be launched as a unit trust which would offer retail investors access to the strategy that had only been available to institutional clients.
ECP was a high conviction Australian equities specialist investment manager with a team of six investment professionals and $1.7 billion funds under management.
Sam Baillieu, chief executive for Copia, said: “ECP brings to Copia a highly respected and experienced institutional grade investment proposition that we are excited to take to the retail market”.
Recommended for you
Perpetual has released its Q2 fund flows showing a fall back into outflows after a positive Q1, as well as an update on its planned deal with KKR.
Magellan has announced a raft of executive changes including the departure of head of investments Gerald Stack after 18 years and a second appointment from Maple-Brown Abbott.
Morningstar research of seven active Australian asset managers has found they are expected to see client redemptions averaging 3.1 per cent of their FUM per annum through to FY29, with two forecast to lose more than 10 per cent.
Franklin Templeton is to get rid of its Martin Currie branding and fold them into the wider group under ClearBridge Investments and Franklin Equity Group.