Airlie Funds Management has launched an Australian share fund to retail investors five months after being acquired by global equities manager Magellan.
The Airlie Australian Share Fund is an unlisted managed fund aimed at retail investors, with a focus on long-term capital growth and regular income.
It is the first retail fund launched by the boutique manager, which has been managing institutional money since its inception in 2012.
The news comes five months after Magellan announced the joint acquisitions of Airlie Funds Management and US distributor Frontier Partners Group in February.
The fund holds a basket of around 25 shares and is run by portfolio managers Matt Williams and Emma Goodsell, supported by five other staff, including Airlie founder John Sevior.
A statement on Airlie's website said: "The partnership between Airlie and Magellan offers Airlie’s experience in Australian equities with Magellan’s considerable expertise in operating and distributing retail funds for Australian investors."
Wealth management relationships are under threat as clients look to switch providers driven by the impact of the royal commission. ...
S&P Dow Jones has announced a new addition to its global ESG index using enhanced ESG scores and granular data. ...
Investor confidence is on the rebound and the ASX hit a 12-year high on Monday. But it’s not all good news for the Australian economy. ...
Get notifications in real-time for staying up to date with content that matters to you.
