Platinum Investment Management has named an advisory and distribution service provider as its North American distributor, set to service the US and Canadian markets.
According to a statement by Platinum, AccessAlpha Worldwide was selected based on “the depth of their client relationships” and will distribute Platinum strategies to institutional investors in North America.
AccessAlpha is an “advisor and placement agent” for asset managers and investors, and partners with boutique firms to deliver “specialised strategies”.
Commenting on the appointment, Platinum chief executive Kerr Neilson said that “huge shifts” in economies and politics played “strongly to Platinum’s strengths as a global manager that pay no heed to conventional market weightings”.
Mr Neilson said: “The reinvigoration of Platinum’s US distribution coincides with this shift in market significance and should have huge appeal to the targeted North American clients, who may have a tendency to home market bias.
“The appointment of AccessAlpha is the next step in continuing to build Platinum’s offshore client strategy, complementing the recent launch of Platinum’s Irish domiciled UCITS funds, which are growing steadily.”
As of the end of September 2017, Platinum’s funds under management totalled $24.8 billion.