River and Mercantile Asset Management (R&M), a UK-based fund manager, has entered into a long-term strategic alliance with Fidante Partners, the multi-boutique division of Challenger.
Fidante Partners’ role will be to help grow R&M’s business in Australia and New Zealand while R&M will manage the River & Mercantile Wholesale Global Equity Fund, which mirrors the investment approach and asset allocation of their UK-based fund of the same name, Financial Standard has reported.
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The publication quoted Cathy Hales, general manager of Fidante Partners, as saying that, "We are excited to welcome R&M into Fidante Partners, and we see strong and sustained appetite among institutional and wholesale investors for global equities."
R&M, a privately owned investment manager, currently manage US$3 billion across a range of strategies, with approximately $1.5 billion invested in global equities strategies.
Established in 2005, Fidante Partners invests in and forms long-term alliances with investment professionals to create, grow and support specialist, boutique funds management businesses. As at 30 June 2013 Fidante had over $30 billion of funds under management.
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