Pinnacle Investment Management has entered into a distribution agreement with Capital International for the distribution of its global equities fund to Australian retail investors.
Pinnacle, helped by its largest shareholder Wilson HTM, will establish and administer the Capital International Global Equities Fund in both its standard and hedged form.
The fund will be available to Australian investors by April 14.
"Capital and Pinnacle have established what will be a very long term partnership, ensuring longevity and sustainability of service to Australian investors," Pinnacle managing director Ian Macoun said.
Capital International currently has an agreement with Credit Suisse in Australia for advice on stock selection of Credit Suisse's international equities fund.
But Credit Suisse's traditional asset management business will be taken over by Aberdeen Asset Management on 30 April, and Aberdeen indicated earlier this year it would not retain Capital International as a global manager.
The Credit Suisse global equities fund, which was started in 1993, had $1.7 billion in funds under management as at 31 January 2009.
Macoun expects that many current Credit Suisse clients will move across to Pinnacle.
"Investors in that fund have put their money in Capital International, not Aberdeen," Macoun told InvestorDaily.
He expects the fund to attract a few billion dollars over the next few years.
Aberdeen, on the other hand, does not expect many investors to leave.
"Our numbers and ratings stack up and we are confident that investors will recognise this when Aberdeen takes over management of these funds some time after 30 April 2009," Aberdeen Asia Pacific group head of equities Hugh Young said.
