Damien McIntyre
Man Group yesterday announces a strategic partnership agreement with Grant Samuel Funds Management (GSFM), positioning Man Group and GSFM to offer new investment products to retail investors in Australia and New Zealand.
GSFM will additionally become primarily responsible for retail distribution of Man Group’s flagship Man AHL Alpha (AUD) fund.
The partnership will leverage Man Group’s extensive investment management capabilities and GSFM’s substantial retail distribution network in the region. Man Group has operated a successful retail business in Australia for over two decades, while GSFM’s mission is to create alliances with high calibre investment managers, both in Australia and overseas, to offer a suite of investment strategies to the retail market.
Man Group’s overall business in the region, including its growing institutional business, will continue to be managed by the Sydney-based team, headed by Hersh Gandhi, Managing Director Asia-Pacific. The firm’s Head of Retail Distribution Australia, Sam Green, will expand his existing responsibilities and work closely with GSFM.
“Alternatives are becoming a larger, and an increasingly important, part of retail investors’ portfolios” Mr Gandhi said. “We are looking forward to introducing a broader range of our liquid alternative strategies to retail investors through this alliance with the team at GSFM.”
According to GSFM’s Chief Executive Officer, Damien McIntyre, the agreement with Man Group enhances its range of specialist funds management partnerships to six.
“Each of GSFM’s partners brings unique skills and product offerings to our market and are clearly differentiated within their respective asset classes,” Mr McIntyre said.