GSFM partners with Canadian manager
GSFM has announced a partnership with Canada-based Cambridge Global Asset Management, under which it will be distributing the Cambridge Global Smaller Companies Fund in the Australian and New Zealand markets.
The fund, which earned a ‘recommended’ rate from Zenith, aimed to provide long-term capital growth by investing in companies with a market capitalisation of less than US$10 billion which are located anywhere in the world, except Australia, the firm said.
Cambridge Global was founded in 2008 and manages over $US20 billion in assets on behalf of both retail and institutional clients. The fund was run by Brandon Snow, Robert Swanson, Stephen Groff, and Greg Dean.
GSFM’s chief executive, Damian McIntyre, sad that global small caps were an attractive opportunity for Australian investors.
“Cambridge believes stock markets are inefficient and opportunities arise for patient, well-informed investors to buy an ownership stake in a company below intrinsic value. This is particularly evident in smaller companies that tend to be underfollowed by the investment community,” he said.
“The fund comprises a high conviction portfolio of 30-50 companies and aims to deliver strong risk-adjusted returns.”
GSFM was majority-owned and Cambridge was wholly owned by Canada’s CI Financial Corp after CI purchased an 80 per cent stake in GSFM in November 2016.
The move followed the launch of GSFM fund manager partner, Munro Partners’, Long Short and Long Only strategies in the Canadian market late in 2018, the firm said.
AUTHOR
Oksana Patron
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.
