2 April 2020
Northcape Capital and Warakirri Asset Management Enter into Strategic Partnership
Northcape Capital Pty Ltd (Northcape) and Warakirri Asset Management Limited (Warakirri) have entered into a strategic partnership that will see Northcape become the underlying investment manager for a number of Warakirri’s funds. This alliance positions Warakirri as the exclusive partner for Northcape’s Australian, global and emerging market equity capabilities in the Family Office, High Net Worth (HNW) and Retail segments of the market.
Northcape and Warakirri have a long-shared history, with Warakirri awarding Northcape their first mandate in 2005 - in fact, the 15th anniversary of this arrangement was celebrated on the 31st of March.
Northcape has a strong performance track record across all their equity offerings and were recognised at last year’s Australian Fund Manager Awards, taking out the coveted Golden Bull award for the Best Australian Equity strategy.
Jim McKay, Warakirri Managing Director said: “We are excited to announce this partnership and importantly it provides our existing clients with the expertise of one of Australia’s leading investment managers. Northcape has been the investment manager for part of our multi-manager client offerings for fifteen years and we have seen their investment approach perform through all market cycles. We are delighted to appoint them to solely manage our existing client’s investments going forward.”
“More broadly, this is an important step to assist in driving our growth ambitions and a key focus of the partnership is to provide new client groups with access to Northcape’s capabilities,” added Mr. McKay.
Michael Ryan, Northcape Managing Director said: “This partnership provides an ideal opportunity for us to diversify and grow our business, whilst maintaining our focus on our institutional clients. We were looking for a distribution partner that was aligned to our philosophy of delivering the highest level of service and quality investment outcomes to its clients and are pleased to have Warakirri as our partner as they expand and grow their business.”
“We have been delivering strong performance outcomes to institutional clients since 2005 and are excited about the prospects for Warakirri’s existing and future clients to gain access to Northcape’s capabilities,” added Mr. Ryan.
Warakirri will continue to apply its ethical overlay across itssuite of ethical Australian and global equity offerings which it has been successfully implementing on behalf of clients since 1993.
As part of this partnership, Warakirri will award Northcape the first mandate for the Northcape Global Equity Strategy which was launched in August 2019. As at 31 March 2020, this strategy was more than 9.7%* ahead of its benchmark CYTD.
About Warakirri Asset Management
Warakirri is a boutique asset management firm with specialist investment capabilities, across agriculture and ethical investing in Australian and global equities. Warakirri is a leader in Australian agricultural investment management with extensive experience in acquiring, developing and operating agricultural assets on behalf of investors. Warakirri has managed ethical investments for not for profit investors since being founded in 1993. Warakirri is based in Melbourne and is 100% owned by its directors and employees.
Warakirri has more than $2.0 billion in FUM and commitments. Warakirri celebrated its 25th year in business in 2018.
For further information: www.warakirri.com.au
About Northcape Capital
Northcape Capital is an international boutique fund manager fully owned by its staff. Specialising in managing concentrated high-quality equity portfolios for clients, Northcape has delivered significant value-added returns since its establishment in 2004 which has facilitated growth in funds under management to more than A$10 billion.
For further information: www.northcape.com.au
*Note: preliminary performance data calculated as at 1 April 2020
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