Ex-janus head forms capital venture with Bennbridge
● Boutique firm to focus on emerging markets equities ● Partnership will operate out of Edinburgh office
A boutique asset manager is launching in Edinburgh under a partnership between international investment group Bennbridge and former Janus Henderson chief Glen Finegan.
Finegan, who left his role as head of emerging market equities at Janus Henderson earlier this year, has tied up with Bennbridge to form Skerryvore Asset Management.
The fledgling firm will be based in Bennbridge’s Edinburgh office, with a focus on generating long-term returns by investing in emerging market equities.
Multi-boutique investment company Bennbridge is part of the BFM Group, owned by Australian parent Bennelong Funds, which has $8 billion (£6.2bn) in assets under management, while Finegan is a renowned name in the emerging markets sector.
His departure from Janus Henderson was announced in April, when the company said he would leave by mutual agreement to “pursue other avenues” and would be followed by his four-strong team.
Finegan was responsible for five funds at the company, including the Janus Henderson Emerging Markets Leaders and Janus Henderson Global Emerging Markets Equity funds.
He previously held the role of emerging market portfolio manager at First State Investments for more than a decade, and prior to this was an analyst on the Asia Pacific team at consultancy Wood Mackenzie.
Skerryvore takes its name from Scotland’s tallest lighthouse, often cited as an example of construction engineering in a challenging location and a metaphor for safe navigation in risky environments.
Finegan said: “I chose Bennbridge for its proven success in partnering with quality asset managers, as well as a clear alignment of interests. I am committed to continuing to invest according to my established philosophy and process and am pleased this fits so well with the Bennbridge business.”
The BFM Group now partners with 12 boutiques globally, investing across Australian, UK, Asian and global equities, listed global infrastructure and property, as well as global emerging markets.
Bennelong chief Craig Bingham said: “Glen is a manager with an outstanding reputation built over many years, with an enviable track record.
“Our strategic long-term partnerships are key to our business, and our model reflects this. It is a testament to the strength of the multiboutique model the business continues to attract partners of Glenn’s calibre.”
He added: “While each of our boutiques have their own distinctive philosophy and approach, they all believe in the benefits of active investment management. They are all majority owners of their businesses and most invest in their own funds.”