The third-party marketer adds another investment firm to the business.
AFM Investment Partners has added an Indian equities fund manager to its stable of fund managers.
ASK Investment Managers now joins Davis Advisors, Bellwether, Trilogy Capital Group, Attalus Capital and DFJ Athena in the group of investment firms.
"We are always looking for high quality offshore managers to distribute to the Australian market. It is a pleasure to partner with ASK Investment Managers," AFM Investment Partners managing director John Donovan said.
"The manager will suit institutional investors who want to get access to the growing Indian market."
ASK Investment Managers is a long-only, bottom-up stock picker in Indian equities. The firm has been operating for two decades and includes 18 investment professionals.
"We are size agonistic when it comes to businesses. We are only interested in investing in outstanding businesses regardless of size," ASK Investment Managers chief executive Bharat Shah said.
The firm currently has clients in Europe, the Middle East, Africa and Asia.
Donovan said Australian institutional investors will increasingly look to secure country-specific mandates on the back of growth in China and India.
"Australian investors have traditionally invested in broad international mandates. As China and India continue to grow, investors will increasingly want access to investment managers in those countries with a long track record and who can operate behind the scenes," Donovan said.
The two non-consecutive alphabetic letters encountered most often last week caused more controversy than the underlying policy they represented, Wouter Klijn writes.... read more »
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