Loftus Peak, Orca FM enact strategic merger

Two Australian fund managers, Loftus Peak and Orca Funds Management, have announced their strategic merger to expand the reach of their respective disruption strategies by consolidating them into one.

This follows a recent announcement from the two managers that Loftus Peak would take over as investment manager over Orca’s Global Disruption Fund as of 1 March 2024, in what now seems to be the first step in bringing it closer to Loftus’ own Global Disruption Fund.

A statement from Loftus Peak confirmed the two managers had both led separate yet similar disruption strategies for eight to 10 years and said the joint force will deliver “a stronger, more sustainable and scale-able global disruption capability”.

The combined investment team will boast eight members, with Orca’s Raymond Tong joining Loftus Peak as Head of Research. The addition of Orca’s portfolios to the Loftus Peak banner will take the latter’s funds under management (FUM) to over $700 million.

The Loftus Peak Global Disruption Fund has returned 20.26 per cent since inception in 2016, outperforming its benchmark by 7.82 per cent. Orca’s Global Disruption Fund returned 13.7 per cent since inception in 2017, outperforming its benchmark by 1.9 per cent.