Flinders’ fund chosen by Mercer and Evidentia
Flinders Investment Partners Emerging Companies fund has been awarded allocations from two major groups, Mercer Investment Consulting and Evidentia Group as both companies have recently been granted new mandates.
Mercer was appointed to oversee a series of managed discretionary accounts (MDA) multi-asset portfolios for Fortnum Private Wealth and Evidentia picked up a number of mandates from several licensee groups.
The flows would commence immediately once the portfolios were established, the firm said.
According to Flinders, both groups would capitalise on the significant structural shift post-Royal Commission as advisers were regrouping under new licensing arrangements.
“We have access to the best research and managers globally, however finding a first class Australian small cap manager with capacity wasn’t easy,” Rebecca Jacques, senior consultant from Mercer, said.
“Flinders has an established track record of top quartile performance and we think they will continue to outperform in the coming years.”
Greg Pease, Evidentia’s head of research, commented: “The growth opportunities for emerging managers such as Flinders look bright as activity in the managed account arena continues to build”.
Flinders is a boutique manager, the first of three under the Prodigy Investment Partners incubator model, chaired by Steve Tucker.
AUTHOR
Oksana Patron
Recommended for you
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.
Global investment manager Barings has launched two private credit funds for Australian investors as advisers indicate an expectation of increasing allocations to private markets.
