Australia-based annuities provider Challenger has launched a new boutique fund manager called Tempo Asset Management within its Fidante Partners managed fund business.
Joe Bracken will oversee the new fund.
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A Challenger spokesperson told Financial Standard that the new boutique fund will focus on global equities and use a smart beta strategy.
"Tempo operates an active investment strategy that aims to outperform global indices over time and the team’s philosophy is based on the premise that many standard industry benchmarks are purely liquidity and price-driven and are built to neither maximise investor returns nor reduce risk," according to Fidante Partners’ website.
Tempo founders Joe Bracken and Robert Chapman have substantial experience in both building and running global investment strategies.
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