A FUNDS management company with more than half its shareholders in Australia has just done something remarkable: it has gone into serious funds management in Australia for the first time.
Henderson Global Investors, which is a major player in Europe, is taking a direct position in the funds management market through the acquisition of a 33 per cent stake in a local manager, 90 West Asset Management.
- Enters exclusive global distribution agreement -
Henderson Global Investors, the listed Australian and UK fund manager with A$103* billion in assets under management, has acquired a 33% interest in 90 West Asset Management, an Australian-based global natural resources investment management firm. In addition to acquiring this equity position, Henderson
The Fund returned 2.9% net of fees over the quarter relative to the benchmark return of -2.0%, resulting in a strong outperformance of 4.9%. The performance in March was 0.0% compared to -3.6% for the benchmark. For the 9 months since inception to the end of March, the 12.2% net return was 6.7% above benchmark.
Henderson Global Investors is gearing up to compete head-on with its former parent AMP for a slice of Australia’s $1.4 trillion superannuation pool, targeting assets under management of more than $10 billion by 2018…
UK-based fund manager Henderson Global Investors has acquired a 33 per cent stake in specialist Australian natural resources investment management firm 90 West Asset Management.
The transaction was announced today, with Henderson saying that in addition to acquiring its equity position the two companies had entered into an exclusive global distribution agreement…
Rob Adams, who became chief executive of Henderson Global Investors Australia after earlier working at Challenger, has been looking to build a multi-boutique business in Australia…
90 West Asset Management is a boutique specialist fund manager offering investor’s access to global natural resource companies: one of the biggest investment opportunities for the next 30 years.
A massive wealth shift is occurring from West to East. Emerging nations are becoming dominant and more affluent populations. Their urbanisation is driving a voracious demand for raw material assets.
The principals Clive Landale (a farmer) and David Whitten (a geologist) are passionate about rocks, dirt, trucks and food. With over 60 years’ experience in the asset class they are recognized as leading natural resource experts and portfolio managers.
There are two ways to leverage the skills of Clive and Dave and this incredible growth story:
1. 90 WEST GLOBAL BASIC MATERIALS FUND (LONG/SHORT) – REQUEST INFORMATION MEMORANDUM
2. 90 WEST GLOBAL NATURAL RESOURCES FUND (LONG ONLY) – DOWNLOAD PDS
