Victor Rodriguez
Global investment management firm, Fidante, part of Challenger Limited, has announced a new strategic partnership with London-based Fulcrum Asset Management (Fulcrum), acquiring a substantial minority stake and securing exclusive distribution rights across Australia, New Zealand, and Asia.
Fulcrum, founded in 2004, manages GBP6.2 billion[1] (A$12.6 billion[2]) and is primarily a liquid alternatives manager specialising in macro (discretionary and quantitative) strategies, while also offering illiquid alternatives in the UK pension market.
The partnership marks Fidante’s second affiliate addition in 2025, after it welcomed System Capital in February, and underscores Fidante’s ambition to build a leading alternatives capability.
Challenger Chief Executive, Funds Management, Victor Rodriguez, said the partnership strengthens Fidante’s growth strategy by expanding its alternatives offering at a time of rising client demand.
“We are excited to be partnering with Fulcrum, a firm with a long and successful track record in macro strategies. Their expertise is a compelling addition to Fidante’s affiliate network and creates new opportunities for investors seeking world-class alternatives.”
Fulcrum’s heritage is in macro strategies with research at the core of its approach. The firm offers three principal capabilities – discretionary strategies, alternative solutions, and quantitative strategies – each underpinned by innovation and a disciplined investment process.
Fulcrum Managing Partner, Joe Davidson, said the strategic partnership provides the firm with a strong platform for growth in Asia-Pacific.
“We are delighted to enter into a formal partnership with Fidante. There is strong alignment between the culture and aspirations of both firms, and we are excited to work with Fidante to broaden access to our strategies for Australian and Asian investors.
“Fulcrum will remain an independent partnership and, as a partner-owned firm, we’re committed to growing our business while delivering long-term results for clients,” Mr Davidson said.
Fidante has 19 leading investment managers as part of its multi-affiliate model, spanning fixed income, equities, and various alternative strategies.
———-