New asset manager ready for business

asset-management/new-fund/launch/Federation-Asset-Management/investment-strategy/renewable-energy/real-estate/private-equity/due-diligence/high-net-worth-individuals/

31 October 2018
| By Oksana Patron |
image
image
expand image

Australia’s newest asset manager, Federation Asset Management, which aims to provide investors with access to asset classes that they have been historically unable to access, has launched its strategy and introduced its investment team.

The company said it would focus on investments in Australia and across the Asia-Pacific region in renewable energy, health and education, real estate, and other private equity investments in areas that aligned with the experience of its senior team.

The new fund would be chaired by the former global chief operating officer (CIO) of Merrill Lynch Asset Management, Greg Bundy, and led by Cameron Brownjohn, formerly the head of Macquarie Capital’s principal investments division in the region.

Following this, Stephen Panizza would lead Federation Renewable Energy while Jason Walter and Neil Brown would lead Federation Real Estate and Private Equity, respectively.

The company also said that its first stage fund raising, which aimed to raise $500 million, already received interest and would be followed by ongoing capital raisings to support Federation’s open-ended strategy.

Additionally, Federation is already in due diligence phase on numerous investment opportunities across all its target asset classes.

"Federation is a new type of fund manager that invests in profitable and sustainable ways. Our expert teams are deploying capital toward clean-energy projects; social infrastructure; and to support the growth of companies that meet today's social and economic needs,” Brownjohn said.

The fund would be raising its initial capital base from high-net worth individuals and remains open to new investors.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS