Warakirri AM buys 50% in Flinders Investment

25 June 2020
| By Oksana Patron |
image
image
expand image

Warakirri Asset Management has announced it has entered a strategic partnership with Flinders Investment Partners which will see it acquire 50% of Flinders and provide capital to support its further growth through its suite of services such as administration, marketing and distribution. 

Flinders was set up in 2015 and was a small companies specialist manager, responsible for the Flinders Emerging Companies fund. The investment team include Andrew Mouchacca, Richard Macdougall and Naheed Rahman.  

“We are excited to announce this partnership as we build out our multi boutique platform and importantly it provides Warakirri with a complimentary investment offering and diverse client base,” Jim McKay, Warakirri managing director, said. 

“Our investment will ensure Flinders’ ongoing success and importantly enable the investment team to continue to focus on delivering top quartile returns for small cap investors.”  

Berkshire Global Advisors served as investment banking advisor to Warakirri on this transaction. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 4 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago