News and Announcements
New NZ-based equity funds to hit market
- Published November 20, 2013 1:37PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Friday, 15 November 2013,
Press Release: Castle Point
A new joint venture, involving the ex-Tower Investments equity team, is launching two New Zealand funds targeting Trans-Tasman equities.
Castle Point will launch the Castle Point Ranger Fund and Castle Point Trans-Tasman Fund to meet growing New Zealand demand for diversified investment opportunities as KiwiSaver schemes expand and capital markets deepen.
The new boutique fund manager is headed by Richard Stubbs and Stephen Bennie and includes equity analysts, Jamie Young and Gordon Sims. This represents the entire equity team from Tower who have a top-quartile three-year track record recognised by this year’s finalist placing in the INFINZ Fund Manager of the Year awards.
Castle Point is backed by an equity stake taken by the principals of NZAM, the 22-year Absolute Returns global investment specialists. Capital backing is provided by RAW Capital Partners, a Guernsey-based asset manager whose principals include Richard Avery Wright and Dennis Stoller.
To read the full release please click here.
For more press coverage please click here on www.stuff.co.nz or here on www.radionz.co.nz.
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