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Findex awards $100m mandate

Findex awards $100m mandate

Vinva Investment Management has been appointed by Findex to manage $100 million in Australian equities on behalf of Centric Wealth.


Centric Wealth, which was acquired by Findex in January 2014, has rolled out the Australian Equities Extension Fund – which will invest the majority of its assets in the Vinva Australian Equitised Long/Short Fund.

Findex chief investment officer Kieran Canavan said seeding the fund was consistent with providing the 'best of breed' investment opportunities to investors.

“The decision to invest with Vinva comes at a time when the sheer number and complexity of investment choices in the market can be daunting to the average investor,” Mr Canavan said.

“However, our analysis has demonstrated that the risk and return attributes of the Vinva strategy are exceptional,” he said.

“Vinva has historically performed exceedingly well in all market conditions and is a good diversifier to Australian equity strategies that are tilted to value and quality investment styles,” Mr Canavan said.

Centric also said the investment strategy of the Vinva fund is described as “equitised long short”.

“The strategy consists of investing in a core exposure of ‘long’ securities and derivative instruments offset at all times with some ‘short’ sales of securities. The universe of investible securities is typically the 200 largest listed companies on the ASX,” a statement from Centric Wealth said.

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