Mitchell is the former Portfolio Manager and Head of Credit at Kapstream. Justin Tyler, a former Senior Investment Manager with Aberdeen, responsible for interest rate decisions, has also joined Mitchell in this new boutique.

Together, they are forming a five-person, fixed interest team under the Daintree Capital brand.

Daintree Capital’s core investment philosophy is based on a robust credit culture, a pragmatic investment process and a focus on the core reason why fixed interest is a key part of client investment portfolios; the preservation of capital and, importantly, protection against downside risk.

“We believe that our clients should achieve good results from their fixed interest portfolio in most market environments. We build our portfolios with this as the cornerstone of our investment philosophy,” said Daintree Capital Managing Director and Portfolio Manager, Mark Mitchell.

“At the heart of our investment process is a strong risk management framework. We believe that this approach ensures a consistency of performance over time and strong risk-adjusted returns” Mitchell said.

Anthony Patterson, Chairman of Perennial Investment Management Limited, said lower interest rates are likely to persist for longer, and investors need a flexible, total-return focus within strict risk limits to meet their income needs.

“In Daintree, we will be delivering income products that will reliably deliver superior returns than those available through many traditional banking products.

“Perennial will be running the back-office and distribution functions of Daintree allowing it to stay wholly focused on gaining the best risk adjusted returns for investors,” he said.

“We look forward to supporting Mark, Justin and the Daintree Capital team in building their business and running a successful portfolio for our investors “They are successful credit and income specialists and we believe they have a very bright future.”

Mr Mitchell said: “We look forward to building a successful partnership with the team at Perennial.”

Daintree Capital’s inaugural portfolio is an absolute return fixed income portfolio and will be available from 30 April 2017.
Chase Corporate Advisory’s Nelson Lam was the adviser to Daintree Capital.

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