Forsyth Bar Launches Fund Management Business

Forsyth Barr has launched Octagon Asset Management, a professional money management business that takes over the management of the Kiwi Saver scheme.

Thursday, December 2, 2021 6:00 AM

The company begins with $ 650 million in assets under management, including Forsyth Barr’s Kiwi Saver scheme, Summer.

The Summer Investment Commission, led by Martin Hoes, has been replaced by the Octagon team.

Forsyth Barr’s move is similar to other share brokers that have set up their own money management business. Craigs IP has Quay Street Asset Management and Jarden is a major shareholder of Habour Asset Management.

Neil Paviour-Smith, Managing Director of Forsyth Barr, said: “”

“By building an independent asset management business, we will be able to access new markets, attract new talent and offer new funds and investment opportunities.”

Octagon Asset Management is led by a core Forsyth Barr fund management team such as Craig Alexander, Jason Lindsay and Paul Robertshawe. An additional important role has been fulfilled and further announcements are scheduled for early 2022.

Jason Lindsay, Head of Octagon Equity, said:

“Our senior portfolio manager has extensive experience working with us and has successfully navigated many investment cycles. That experience is now focused on creating value for Octagon clients. . “

Paul Robertshawe, Chief Investment Officer of Octagon, emphasized a clear ambition in the wholesale fund market.

“Our goal is to provide compelling proposals in the market. We believe there is a desire for more options and new approaches. Octagon is just to make that happen. Established in. “

Continuity of key staff and partnerships provides the foundation for business evolution with a focus on providing superior investment performance to both existing and new clients.

Octagon Asset Management is now wholly owned by Forsyth Barr, but is intended to include Octagon staff as shareholders. Forsyth Barr Investment Management Limited continues to be the publisher of the newly named Octagon Investment Funds, with Octagon Asset Management as the investment manager.

The Octagon team will initially be based in Wellington, Auckland and Dunedin. Richard Bodman has been appointed Independent Director.

tag: Forsyth bar Octagon Asset Management

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Forsyth Bar Launches Fund Management Business

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