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Boutique investors team up

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Boutique fund manager Northcape Capital has partnered with Warakirri Asset Management, in an arrangement that will see Northcape become the underlying investment manager for a number of Warakirri’s funds.

The alliance has positioned Melbourne boutique Warakirri as the exclusive partner for Northcape’s Australian, global and emerging market equity capabilities in the family office, high-net-worth and retail segments of the market. 

Northcape and Warakirri already have a shared history, with the asset manager awarding Northcape its first mandate in 2005.

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Jim McKay, Warakirri managing director commented the partnership is an important step to drive the company’s growth ambitions, with a key focus being to provide new client groups access to Northcape’s capabilities. 

“Northcape has been the investment manager for part of our multi-manager client offerings for 15 years and we have seen their investment approach perform through all market cycles,” Mr McKay said. 

“We are delighted to appoint them to solely manage our existing client’s investments going forward.”

Michael Ryan, managing director of Northcape said the arrangement will provide an opportunity for his company to diversify and grow its business, while maintaining its focus on institutional clients.

“We were looking for a distribution partner that was aligned to our philosophy of delivering the highest level of service and quality investment outcomes to its clients and are pleased to have Warakirri as our partner as they expand and grow their business,” Mr Ryan said.

Warakirri stated it will continue to apply its ethical overlay across its suite of ethical Australian and global equity offerings.

As part of the partnership, Warakirri will award Northcape the first mandate for its Northcape Global Equity Strategy which was launched in August. 

Both companies are fully owned by their staff. 

Warakirri reported it has more than $2 billion in funds under management (FUM) while Northcape has more than $10 billion in FUM.

 

Boutique investors team up
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

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