Boutique launches global equities fund

A boutique founded by former Goldman Sachs equities investors is launching a new global equities fund.

Auscap Asset Management was co-founded in 2012 by Tim Carleton and Matthew Parker who were both executive directors at Goldman Sachs, responsible for managing Australian equities funds.

The boutique has run a long/short Aussie equities strategy.

It is now launching a global equities fund, after adding to its investment team in the recent months.

The Auscap Global Equities Fund will hold 25 to 50 positions with the aim of delivering absolute return over the long term. The fees are 1.5375% of the net asset value of the fund and 15.375% of outperformance to the benchmark, subject to a high watermark.

The boutique hired Naveen Patney from Renaissance Asset Management where he was a portfolio manager/investment analyst.

It also recently hired from Perpetual Investment Management's global equities team. Josh Phillips had been at Perpetual since 2015 and now joins Auscap.

Read more: Goldman SachsAuscap Asset ManagementAuscap Global Equities FundJosh PhillipsMatthew ParkerNaveen PatneyPerpetual Investment ManagementRenaissance Asset ManagementTim Carleton
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