Centric Wealth, part of the Findex Group, has announced the selection of Maverick Capital for a $50 million allocation following a review of global equities managers.
The US based Maverick Capital was founded in 1993 by Lee Ainslee, who was formerly at Julian Robertson’s Tiger Fund and has in excess of $9 billion FUM.
Kieran Canavan, Chief Investment Officer for Findex said the decision was the result of a detailed examination of the global equities offering in the Australian market.
“We have strengthened the global equity offering for our clients as we believe investors will develop an increased appetite for global stocks in 2015. “Maverick have an outstanding track record and the expertise and stability of their team combined with a fundamentals based stock picking style mean they are an excellent fit with other international equities firms in our suite of preferred products.
“Maverick manage different long/short and long global equity strategies. Centric has put a retail wrapper, or PDS (product Disclosure Statement) around the long only strategy to allow retail investors to access the fund with a much smaller initial investment than would normally be the case,” Mr Canavan said.
Investors can access Maverick via Centric Wealth with a minimum initial investment of $5,000.
“At Findex, we manage over $15 billion of clients funds across various asset classes. We are committed to providing the best outcome for our clients by offering investment options that are selected after extensive due diligence and a rigorous selection process by our investment committee which includes highly experienced independent members“ Mr Canavan said.
