Warakirri links with US player, ClariVest AM
Fund manager Warakirri Asset Management has entered into a partnership with US-based investment manager ClariVest Asset Management to deliver a small companies strategy to local investors.
Warakirri said it has recently launched the ClariVest Global Small Companies Fund and will provide ClariVest with a full suite of services including operations, marketing and distribution.
It said Warakirri’s support, together with ClariVest’s proven performance track record in global small cap investing, provides a strong platform for the growth of the new fund.
Commenting on the move, Warakirri managing director, Jim McKay said he believed the partnership would deliver a valuable new offering to the firm’s clients.
“ClariVest’s unique approach to investing has resulted in a portfolio that is diversified by country and sector, and has consistently delivered excess returns across market cycles, making this strategy a compelling addition to client portfolios,” he said.
ClariVest founder and chief investment officer, David Vaughn said the firm believes there is a real opportunity for global small caps to offer meaningful upside given current valuations.
“This is an exciting time to bring our strategy to a broader set of investors across Australia,” he said.
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