Bennelong launches new boutique fund

Bennelong launches new boutique fund

Bennelong Funds Management has partnered with three asset managers to create a new boutique business with a strategy focused on retirees.


The newly-created Wheelhouse Partners will invest in equities and is aimed at delivering “improved investment outcomes to Australian retirees” by considering the impacts of volatility, income generation and management fees on investors.

“For their initial offering, they are utilising Morningstar index and research capabilities to deliver a global equity income strategy. The strategy relies upon an index created and maintained by Morningstar with Wheelhouse Partners integrating a tailor-made derivative overlay, purpose built for Australian retirees,” Bennelong Funds Management said.

“The focus on actual outcomes delivered is an important concept for the business, as outcomes are ultimately what the investor receives and can differ materially from simple time-weighted performance expectations.”

The new business is the result of a partnership between Bennelong Funds Management and asset managers Andrew MacLeod, Sam Jacob and Alastair MacLeod, the latter of whom said Wheelhouse’s strategy would provide “structural lowered volatility, improved capital preservation and higher income generation”.

“When Australians enter retirement, and have changed from accumulation to redemption mode, their investment objectives need to change too. Australians are fortunate to be living longer, which means investment strategies also need to change to minimise the risk of retirees outliving their savings,” he said.

“Returns are very important but the shaping of those returns, and the management of portfolio risk to better align outcomes with when retirees are most likely to have their life savings at work, can massively impact and improve – investor outcomes.”

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