Maple-Brown Abbott has for the first time looked beyond Advance Asset Management for distribution of one of its funds to financial advisers.

The storied value manager has carved out the listed property capability previously embedded within its Australian equity and balanced portfolios, and has tapped Ventura Investment Management to be responsible entity for its retail fund.

Ventura offers the All Star series of funds, which are run by Kate Mulligan, the former managing director of Advance Asset Management.

Mulligan said Maple-Brown Abbott’s strategy, which is run by Charles Dalziell and Dougal Maple-Brown, could over or under-weight an LPT by as much as 10 per cent, although this was loosened to a 20 per cent discretion when it came to market heavyweight Westfield Holdings.

Mulligan said the new capability would complement All Star’s existing Funds, the All Star IAM Australian Share Fund (managed by Greg Matthews’ Independent Asset Management), the All Star KFM Income Fund (managed by Kaplan Funds Management, an absolute return manager focussed on income producing strategies) and the next-to-latest Fund to join the All Star ranks, the All Star Nomura China Fund (managed by Nomura Asset Management).