Northcape Capital and Warakirri AM team up
Northcape Capital and Warakirri Asset Management have announced they have entered into a strategic partnership that will see Northcape become the underlying investment manager for a number of Warakirri’s funds.
Under the terms of the deal, Warakirri would also become the exclusive partner for Northcape’s Australian, global and emerging market equity capabilities in the family office, high net worth (HNW) and retail segments of the market.
Michael Ryan, Northcape managing director, said his company was looking for a distribution partner that was aligned to its philosophy of delivering service and quality investment outcomes to its clients.
“This partnership provides an ideal opportunity for us to diversify and grow our business, whilst maintaining our focus on our institutional clients,” he said.
As part of this partnership, Warakirri would award Northcape the first mandate for the Northcape Global Equity Strategy which was launched in August 2019.
Also, Warakirri would continue to apply its ethical overlay across its suite of ethical Australian and global equity offerings which it has been implementing on behalf of clients since 1993, it said.
Recommended for you
The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day.
Equity Trustees has been selected as the responsible entity for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.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.