OC Funds Management takes Patriot business
Just days after Ironbark Asset Management acquired Patriot Asset Management’s Patriot Australian Share Fund and the Patriot Small Companies Fund, OC Funds Management has acquired Patriot’s individually managed accounts (IMA) business, Patriot Managed Accounts.
The transaction will also see the principal of Patriot Managed Accounts, Stephen Sedgman, joining the OC Funds Management investment team along with portfolio manager Stephen Evans.
OC Funds Management chairman Charles Baillieu said the acquisition significantly enhanced the company’s investment capabilities beyond its four equities funds, to now include IMAs and separately managed accounts (SMAs).
AUTHOR
Mike Taylor
Recommended for you
Money Management and principal partner, Mortgage Choice, are proud to announce 30 winners for the annual Women in Finance Awards 2024.
Pitcher Partners has urged caution about the use of private credit funds, despite a widespread push by fund managers on the benefits of the products.
Just one day after Selfwealth received a “highly attractive” acquisition bid from Bell Financial Group, it has received a second non-binding indicative proposal from a rival.
With nearly one-third of financial advisers utilising Australian Ethical’s investment options, expanding its advised channels remains a key focus for the firm.
