Andrew Findlay
Antipodes Partners has entered into a binding agreement with the Bangarra Group, owner of Bennelong Funds Management Group (Bennelong), to acquire 100 per cent of Bennelong. The transaction is expected to complete before the end of September.
Bennelong’s roster of investment affiliates includes Quay Global Investors, Bennelong Australian Equity Partners and Skerryvore Asset Management.
Antipodes’ existing platform manages more than $21 billion across five independent investment teams operating under the Antipodes and Maple-Brown Abbott brands. Its strategies span global and emerging market equities, global credit, global listed infrastructure, Australian value equities and Australian small companies.
Andrew Findlay, chief executive officer of Antipodes Partners, said: “The Antipodes platform, backed by Pinnacle’s institutional-grade infrastructure and operational capabilities, provides a stable and supportive environment in which specialist investment teams can focus on delivering for clients.
“The addition of Bennelong’s high-quality investment teams is consistent with our strategy to further diversify the Antipodes platform, broaden our investment offerings and strengthen our distribution capabilities.”
Jeff Chapman, founder of the Bangarra Group, said: “As multi-specialist investment firms Bennelong and Antipodes share a common philosophy and structure. I am delighted that Antipodes will seek to grow what we have built over twenty years and I wish them every success.”
John Burke, chief executive officer of Bennelong Funds Management, said: “We believe our broad support base of financial advisers and investors will benefit from the combined scale and expertise of both firms.”
The Bennelong investment affiliates joining the Antipodes Group will retain investment autonomy, with no changes to their investment personnel, philosophies or strategies as a result of the transaction.
The transaction is not subject to regulatory approval.
