Ambassador Funds Management has signed up global emerging market manager Charlemagne Capital, distributing the fund to its institutional clients.
It is the fifth manager to commit to Ambassador in Australia, joining Pheim Asset Management, Altrinsic Global Advisors, Cohen and Steers and Highland Capital.
"Emerging markets was an area that we received a lot of interest in from out clients. Both institutional investors and asset consultants are looking to increase their investments in emerging market equities," Ambassador partner Andrew Vrech said.
London-based Charlemagne adopts a bottom-up stock picking style to investing in companies. The firm's products include long and long/short emerging market funds, as well as public and private equity investments.
"Many of the quality managers offered in Australia had reached full capacity. After extensive due diligence we chose Charlemagne," Vrech said.
Ambassador represents about $1.7 billion in funds under management.
