Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Superannuation
11 July 2025 by Maja Garaca Djurdjevic

Beyond Silicon Valley: How super funds thrived on diversification in 2025

Superannuation funds have posted another year of strong returns, but this time the gains weren’t powered solely by Silicon Valley. In contrast to ...
icon

Netwealth edges in on rival HUB24 with record FUA net flows

The wealth management platform remains a strong performer in the platform space, generating a record $15.8 billion in ...

icon

South Korean exposure pays off as ASX-listed ETF jumps 32%

The iShares MSCI South Korea ETF (IKO) gained 32.1 per cent in the first six months of the year, marking South Korea’s ...

icon

Instos anticipate crypto to feature in traditional portfolios by 2030

Three-quarters of institutional investors believe cryptocurrencies will form part of traditional portfolio allocations ...

icon

US tipped to be ‘the big loser’ of Trump’s expanding trade war: AMP

The rollout of further tariffs in the US from August is expected to decrease economic growth in the US in the ...

icon

Government cements RBA overhaul with new rules

The government has cemented its overhaul of the RBA’s governance with the release of an updated Statement on the Conduct ...

VIEW ALL

Highland leaves third-party marketer

  •  
By Christine St Anne
  •  
4 minute read

The alternative fixed income manager plans to establish its own local office following a four year distribution agreement with Ambassador Funds Management.

Highland Capital Management will now manage its own marketing and business development activities, ending its distribution agreement with Ambassador Funds Management.

In 2005, Highland signed up third-party marketer Ambassador to distribute and market its products in the Australian market.

"For the past four years, Highland leveraged Ambassador's expertise in Australia and New Zealand to penetrate the market for fundraising and client service functions. Ambassador has served as an important partner in client service," Ambassador partner Richard Darke said.

Since then the firm has secured a number of institutional clients, including Westscheme and Local Government Superannuation.

 
 

"Highland and Ambassador have now reached an important transitional milestone which facilitates Highland inserting its own personnel in Australia and New Zealand," Darke said.

As part of its expansion in the region, Highland plans to hire people in either Sydney or Melbourne.

"We really have been happy with our relationship with Ambassador and feel they have done a fine job in establishing our business in the market," Highland head of Asia-Pacific operations Paul Adkins said.

Adkins said the firm would establish either a Melbourne or Sydney office, however, at this stage Sydney was firming as the favourite.

The firm also plans to offer new products to the Australian market including opportunistic investment opportunities, bank loans and private equity strategies in timberland, oil and gas.

"We are finding that many of our institutional investors are looking to diversify their portfolios and we see opportunities from this," Adkins said.

Globally, Highland has $33 billion in funds under management and specialises in global alternative fixed income strategies.