US boutique firm Marsico Capital Management is set to launch its global equities strategy in the Australian market, with philanthropic listed investment company Future Generation Global among the first investors.
Marsico Capital Management has been added to the list of managers for the Future Generation Global listed investment company (LIC), and has been given an initial allocation of 7.48 per cent of the $302.1 million in capital raised by the LIC.
Australian financial services group Channel Capital is promoting Tom Marsico's $12 billion independent boutique manager in Australia.
The Marsico Global Fund has returned 19.54 per cent net of fees in the five years to 31 July 2015 – an additional 4.42 per cent on top of the fund's benchmark.
Australian investors will have access to the strategy via Channel Capital as well as the Future Generation LIC.
"One of our affiliated managers, Discovery, participated in Future Generation's Australian Equities LIC, so we were familiar with the group and the great work they do to change the lives of less fortunate Australian children," said Channel Capital managing director Glen Holding.
"When I mentioned it to Tom [Marsico], he understood the importance of the initiative and thought there was no better way to kick off the Australian launch than to participate in the Future Generation global LIC."
Commenting on the partnership, Mr Marsico said that "offering our investment capabilities directly to Australian investors has been a priority for some time now".
"The new partnership with Channel Capital allows us to do this efficiently and our participation in the Future Generation initiative creates a virtuous circle. That's a good place to start," he said.