‘New generation’ Australian investment manager Blackwattle launches

Posted by Anton Murray Consulting on 24 May, 2023


New fund manager Blackwattle Investment Partners has officially launched in Australia with initial seed capital of up to $60 million and six years of funding. Described as a “new generation, highly aligned, Australian investment manager”, Blackwattle has sought to attract the best investment talent in Australia, according to managing director and chief investment officer Michael Skinner, who was formerly a portfolio manager at Renaissance Asset Management. Mr Skinner has partnered with ex-Citi equity sales director Jarred Rubin as Blackwattle’s chief executive officer, along with former Pinnacle distribution director Matthew Dell as the fund manager’s executive director, and former Zurich head of investment sales Maggie Mills as its head of distribution.

“We’ve flipped the traditional model and removed the key person risk. We don’t believe in a concentrated leadership style — everyone is a meaningful equity owner, and we are all partners together,” Mr Skinner explained. “We invest alongside our investors and clients, with personal capital committed and corporate profits reinvested into our portfolios, there is no personal trading.” Blackwattle intends to launch its first four portfolios — ASX Small Cap Quality, Mid Cap Quality, Long-Short 130/30 Quality, and Large Cap Quality Funds — in July this year with an aim to expand into global equity and alternative assets at a later date.

The rest of this article can be found at investordaily.com.au.

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