Third-party marketer seeks BDM

An Australian funds management third-party marketing firm is looking to hire a business development manager to help expand the business.

I&T News understands Ambassador Funds Management Services is in the process of recruiting a BDM, and is conducting the search itself.

Ambassador’s stable of fund managers includes London-based global emerging markets specialist Charlemagne Capital, mid to large cap equities specialist Altrinsic Global Advisors, New York-based Cohen & Steers, which manages income-oriented equity portfolios, and alternative fixed income strategies manager Highland Capital.

Richard Darke, a partner at Ambassador, declined to comment.

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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