Bennelong adds Asian equities boutique

Bennelong Funds Management's UK subsidiary has added a third boutique, and is planning to introduce Australian versions of the funds later this year.

BennBridge's new boutique called BambuBlack will invest in Asian equities through two funds focused on growth and income.

The funds are managed by Jane Andrews who has over three decades of experience in investing.

The addition comes as Bennbridge strikes a strategic partnership with UK firm Smith & Wiliamson.

Andrews has been responsible for Smith &Williamson's far eastern income and growth fund since she joined the firm in 1996 and the firm's oriental growth fund which she launched in 2009. BennBridge will now act as the investment manager of these two funds that together have £50 million in funds under management.

All three parties (Andrews, Smith & Williamson and Bennbridge) will have equity stakes in BambuBlack.

Bennelong chief executive Craig Bingham said: "Jane has a successful track record over more than two decades, delivering strong returns and exemplary levels of service to clients, and we are delighted to welcome her to BennBridge."

"Our global focus is on partnering with high-calibre investment talent to bring quality funds to market. BennBridge continues to seek opportunities to build high performance focused investment teams, while increasing our global distribution footprint," he said.

"Our intention is to bring Australian versions of the BambuBlack funds to the local market in the second half of 2019."

Bennelong Funds Management has about $10 billion in funds under management through 10 partnerships with asset management boutiques in Australia and UK.

Last month, it opened a New York office with plans to distribute its existing funds to institutional investors in the US.

Read more: Inside Bennelong's UK engine room

Read more: BennelongBennBridgeBambuBlackBennelong Funds ManagementAsian equitiesCraig BinghamJane Andrews
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