Orion Asset Management will market three funds in Australia on behalf of Trilogy Global Advisers, a fellow bottom-up growth manager based in New York.
Orion, a boutique founded by Tim Ryan which is 42 per cent owned by Treasury Group, will share fees with Trilogy for any discrete mandates it secures, and on any inflows into three Australian funds it is establishing for Trilogy products. These will be hedged and unhedged versions of Trilogy’s global equities product, as well as an emerging markets fund. Orion business manager, Dominic Fallins, said contact with Trilogy was made through its founder, Bill Sterling, who like Ryan (and most of Orion’s portfolio managers and executives) is a former senior employee of Credit Suisse Asset Management. Orion’s fund under management are $4.5 billion, with around $500 million of that sourced from an exclusive retail distribution deal with Challenger Financial Services.
21/11/2006
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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