Spheria AM finds home within Pinnacle
The former Schroder's smallcap team of Marcus Burns, Matthew Booker and Adam Lund have taken their new vehicle, Spheria Asset Management, under the Pinnacle Investment Management umbrella.
The arrangement was announced today with the two firms saying the move would enable the launch of strategies in both Australian small caps and micro caps.
Commenting on the move, Spheria's portfolio manager, Booker, said he believed there was a great opportunity in the market but also a lot of risk for the inexperienced.
"We spend our time researching beyond the management presentation and self-promotion to ensure we are only investing in businesses we understand that are also at attractive valuation," he said.
The founders of Spheria have a collective 39 years of experience in the small cap and micro cap sectors and said they had decided to partner with Pinnacle based on its reputation and proven success in supporting boutiques.
Recommended for you
Australian equity ETFs attracted record inflows of $3.2 billion in 1Q25, while heightened volatility led to a decline in flows for global equity ETFs, according to Vanguard.
The failure of a clinical trial by biotech firm Opthea has caused shares in its backer Regal Partners to decline 52 per cent year-to-date and hit its funds under management, quarterly flows show.
GQG Partners has revealed its quarterly flows for the first three months of 2025 were up 5.8 per cent, after a difficult final quarter of 2024 as a result of institutional redemptions.
Global asset manager Janus Henderson has signed a strategic partnership with life insurer Guardian Life, which will commit US$400 million to accelerate the firm’s fixed income development plans.
