Zurich Investments and Celeste Funds Management announce exclusive distribution partnership for Small Companies offering

From

Matthew Drennan

Zurich Investments has announced that it has signed an exclusive partnership agreement with Celeste Funds Management to distribute the existing Celeste Australian Small Companies Fund in the Australian market. The partnership combines Zurich Investments’ distribution capacity with Celeste’s investment management expertise and reputation.

Celeste Funds Management was selected by Zurich Investments following a search for a highly respected smaller companies investment manager.

Celeste boasts a strong 15-year track record in the market with superior long-term performance, a stable and dedicated investment team garnering strong ratings by leading research houses, as well as a significant footprint with retail investors.

Matthew Drennan, Zurich’s Head of Savings & Investments, said these were key attributes Zurich Investments was seeking in a manager and provide a firm foundation for establishing a long-term partnership. 

“Celeste Funds Management is a proven manager of Australian smaller companies and an excellent addition to the suite of Zurich Investments strategic partnerships,” he said.

“We are excited to welcome the Celeste team as our newest strategic partner managed by Frank Villante and Paul Biddle”.  

Chief Investment Officer, Frank Villante said “The Celeste team looks forward to developing a mutually beneficial strategic partnership with Zurich Investments. We believe we can deliver above benchmark returns, from the application of our investment process for the benefit of the client base”. 

Zurich Investments has also appointed Celeste to take over management of the Zurich Investments Small Companies Fund within its diversified offerings. 

“We believe Celeste provides current investors and advisers within these offerings with a seamless like-for-like option,” Matthew Drennan said.

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