Active boutique enters retail arena
Another boutique active manager has moved into the retail investment space – this time the Swell Global Fund.
The high conviction global equities manager announced this week it had launched a retail trust, giving financial advisers and clients access to the group’s investment capabilities for the first time.
In doing so it is pointing to its wholesale track record showing that in the five years to 31 July this year, the Swell Global Portfolio delivered an annualised return of 20.67%, outperforming the MSCI World Index by 5.61%.
It said the Swell Global Fund replicates the group’s highly successful absolute return strategy, which recently surpassed $100 million in funds under management, .
The fund’s move into the retail space following the appointment of Stephen Poole as chief executive officer.
The Swell Global Fund, which invests in a concentrated portfolio of around 15 companies, has appointed Perpetual as responsible entity and Mainstream Group as fund administrator.
Swell chief investment officer, Lachlan Hughes said the decision to launch a retail fund, after six years of managing money exclusively for wholesale investors, was driven by increasing retail demand for an active strategy that didn’t hug the index and delivered strong returns.
The Swell Global Fund is currently available to advised clients on the Hub24 platform.
Another levy on financial advisers. This is just blatant persecution.
Here comes another moral hazard. It just encourages the bureaucracy to bloat at the expense of productivity and prosperity.
Rules only apply to some, generally if your cheque book is large enough then you are ok to do whatever…
This is the sort of rubbish that comes out of the modern version of Treasury advice. The boys over in…
This just goes to show the contempt and distain by regulators for the advice sector. A never-ending pole on stuff…