About us

Bennelong Funds Management (Bennelong) acquires, incubates and distributes active funds from Australia and around the globe. We have a proud history of identifying and partnering with quality boutique asset managers, offering high-grade investment solutions.

As equity partners in their individual businesses, each asset manager’s goals are aligned with those of their investors, providing greater impetus to achieve superior outcomes. While each boutique has its own distinctive philosophy and a dynamic and highly disciplined approach, they collectively believe in the benefits of active investment management. As such, they strive for out-performance, always seeking opportunities to maximise returns within their robust risk management frameworks.

Globally, we have over AUD9 billion funds under management and advice. In Australia, we currently support eight teams, managing 12 funds with over AUD8 billion in FUM.  Our newly established UK subsidiary BennBridge, manages over AUD660 million (as at 2 October 2017). 

Bennelong and BennBridge provide a holistic range of services to their boutiques, harnessing their entrepreneurial spirit while allowing them to focus what they do best - manage money. The asset managers’ boutique size fosters a nimble approach to innovation; this is coupled with Bennelong’s backing and business support, driving the scalability of their success.

Bennelong is a wholly owned subsidiary of the Bangarra Group (formerly known as the Bennelong Group), a privately owned company encompassing a number of independent businesses. Bennelong’s philanthropic agenda is demonstrated through their ongoing support of and alignment with the Group's charitable arm, the Bennelong Foundation. The Foundation aims to enhance community wellbeing and provide opportunities for positive and lasting change in our community, through partnering proactive social ventures. Since it was established in 2002/03, the Foundation has supported over 200 organisations through over 400 grants.

Our History

2006
2007
2008$7m*
2009
2010$695m*
2011
2012$2.7b*
2013
2014$5.9b*
2015
2016$7.2b*
2017$8.1b*
2018
BLSEM

Bennelong Funds Management (Bennelong) established

March 2006

Bennelong Group (now known as Bangarra Group) establishes Bennelong Funds Management entity.

BLSEM

Bennelong Long Short Equity Management (BLSEM) established

July 2006

Built on asset management capabilities established in 2002 by Richard Fish, BLSEM is formed as an entity.

BLSEM

CEO appointed – Jarrod Brown

September 2007

Jarrod Brown is appointed as the CEO of Bennelong Funds Management.

BLSEM

The Bennelong Long Short Equity Fund commences operations

July 2008

The Bennelong Long Short Equity Fund is converted from a managed account to a wholesale fund.

BLSEM

Bennelong Australian Equity Partners (BAEP) established

July 2008

BAEP is founded by Mark East in partnership with Bennelong.

BLSEM

BAEP launches two funds

October 2008

The Bennelong Australian Equities Fund and Bennelong Concentrated Australian Equities Fund are launched by BAEP.

BLSEM

BAEP launches ex20 fund

November 2009

The Bennelong ex-20 Australian Equities Fund is launched by BAEP.

BLSEM

Avoca Investment Management (Avoca) established

May 2011

Avoca is established by John Campbell and Jeremy Bendeich in partnership with Bennelong.

BLSEM

Avoca launches fund

June 2011

The Bennelong Avoca Emerging Leaders Fund is launched.

BLSEM

Kardinia Capital established and fund launched

July - August 2011

Mark Burgess and Kristiaan Rehder partner with Bennelong to establish Kardinia Capital. Bennelong becomes Trustee for the Bennelong Kardinia Absolute Return Fund (previously the Herschel Absolute Return Fund).

BLSEM

CEO appointed – Craig Bingham

September 2014

Craig Bingham is appointed as Bennelong’s CEO with a mandate to acquire teams and expand the distribution footprint, both domestically and globally.

BLSEM

4D Infrastructure (4D) established

April 2015

4D is established in partnership with Bennelong by principles Sarah Shaw and Greg Goodsell.

BLSEM

Quay Global Investors (Quay) established

May 2015

Quay is launched as a partnership between principals Justin Blaess and Chris Bedingfield and Bennelong. Prior to this, Quay operated as Quay Real Estate Advisors which was founded in 2013.

BLSEM

Touchstone Asset Management (Touchstone) established

August 2015

Established as a joint venture with Bennelong, Touchstone is majority owned by principals Jack Chemello, Suellen Morgan and Mary Feros.

BLSEM

BLSEM launches retail fund

September 2015

The Bennelong Market Neutral Fund is launched by BLSEM.

BLSEM

BAEP launches Twenty20 fund

November 2015

The Bennelong Twenty20 Australian Equities Fund is launched by BAEP.

BLSEM

Quay launches retail global real estate fund

February 2016

The Quay Global Real Estate Fund is launched to the retail market.

BLSEM

4D launches global listed infrastructure fund

March 2016

The 4D Global Listed Infrastructure Fund is launched.

BLSEM

Touchstone launches index unaware Australian equities fund

April 2016

The Touchstone Index Unaware Fund is launched.

BLSEM

BennBridge established

December 2016

Bennelong expands its business model offshore with the establishment of BennBridge, an asset management incubator located in London.

BLSEM

Wheelhouse Investment Partners (Wheelhouse Partners) established

March 2017

Wheelhouse Partners is founded by Alastair MacLeod, Sam Jacob and Andrew MacLeod in partnership with Bennelong.

BLSEM

Wheelhouse launches global equity income Fund

May 2017

The Wheelhouse Global Equity Income Fund is launched.

*FUM is calculated for 30 June each year

To navigate across the timeline, please click on the specific spot, drag the photo area with your mouse, or click on the left or right arrows.

Our People

Management team

Craig Bingham Chief Executive Officer

Craig Bingham

Craig Bingham is the Chief Executive Officer (CEO), joining Bennelong in October 2014. Craig is a highly regarded financial services executive with extensive experience in Australian and international markets. He joins Bennelong from Federated Investors Asia Pacific where he was CEO. Prior to that, he was CEO at Portfolio Partners which later became Aviva Investors Asia Pacific, where he was responsible for establishing and developing licensed asset management businesses in Australia, Singapore and China, and expanding Aviva’s presence in Asia and the Middle East. Under Craig’s leadership, he built the strong-performing, award-winning Aviva Investors brand in the Australian market, opened distribution offices in Taiwan, the Middle East and Japan, and created an enviable corporate culture with a strong profit focus. Craig is also a Non-Executive Director of the Bennelong Foundation.

Jeff Phillips Chief Financial Officer

Jeff Phillips

B Bus (Acc), B Bus (Mgmt), CA, DFP

Jeff is the Chief Financial Officer of Bennelong Funds Management and has 20 years of experience in financial services, the last 13 being in funds management. He joined Bennelong in June 2012 and is responsible for the finance, operations, product and IT teams.

Prior to joining Bennelong, Jeff spent eight years with Aviva Investors/Portfolio Partners in senior finance and operational roles. Other previous employers include Brand Finance, Morgan Stanley (London office) and PricewaterhouseCoopers.

Jeff holds a Bachelor of Economics (Accounting) from Monash University and is a Member of the Institute of Chartered Accountants. He is also on the Board of Melbourne-based charitable agency, Family Life.

Hamish Wood Chief Strategy Officer

Hamish Wood

BCom (Acc), LLB, CA

Hamish is Chief Strategy Officer and has over 10 years of experience in the financial services industry.  He joined Bennelong in February 2012 as Head of Operations and Finance, and was promoted to Head of Finance and Governance before assuming his current position. 

Prior to relocating to Melbourne, Hamish spent four years with GLG Partners in London as a manager in the Finance division.  Other previous employers include Citigroup (London) and PricewaterhouseCoopers (New Zealand).

Hamish holds a Bachelor of Law and Bachelor of Commerce (majoring in Accounting) from the University of Otago in New Zealand and is a member of the Institute of Chartered Accountants.

Russell Close Head of Information Technology

Russell Close

Russell is the Head of IT at Bennelong Funds Management and has over 20 years of experience in IT, primarily in the finance industry.

Prior to joining Bennelong in November 2014, Russell was the Head of IT, Asia Pacific at Federated Investors. Before that he spent over 12 years at Aviva Investors/Portfolio Partners in IT management and operational roles. Other previous employment include ANZ Bank, Westpac, Legal & General and Andersen Consulting.

Russell holds a Bachelor of Science (Computer Science) from Latrobe University and has also obtained qualifications in Prince2 (project management methodology) and ITILv3 (IT service delivery).

Angela Godfrey Head of Human Resources

Angela Godfrey

BA (Political Science)

Angela joined Bennelong in August 2015 as the Head of Human Resources. She has over 20 years’ diverse human resources experience supporting businesses to grow and develop their people capabilities. Her experience spans across all facets of Human Resources including change management, leadership design, performance management, compensation and benefits, recruiting, talent management, organisation development and employee relations.

Prior to joining Bennelong she was a HR leader for a number of financial services businesses including VFMC, Federated Investors and the Aviva Insurance Group.

Angela holds a Bachelor of Arts majoring in Political Science.

Nicole Hammond Head of Investment Operations

Nicole Hammond

BAppSci, GCCAF, CA

Nicole has worked in the funds management industry since 2007.  Joining Bennelong in 2012 as a Senior Fund Accountant, her talent and work ethic earned her a steady path of promotions: from Manager - Client Services and Projects  to Head of Investment Operations. In her current role, Nicole draws on her broad knowledge of the business and oversees fund accounting, client services and client reporting teams.

She has worked at Aviva Australia (MLC) and Mercer Australia, with previous roles encompassing fund accounting, unit pricing, corporate finance, client services and project management.

Ella Tassi Head of Marketing

Ella Tassi

BA (Media/Sociology), Grad Dip Marketing

As the Head of Marketing, Ella is responsible for building Bennelong and our asset teams’ brands through marketing, content and digital strategy. Over the past 20 years, Ella has worked in financial services for a variety of fund managers, dealers groups and agencies - marketing to advisers, investors, shareholders, and the media.

Prior to joining Bennelong in 2008, Ella was Senior Marketing Manager at IOOF. Previous roles include Director at Lucid Marketing & Communications, marketing lecturer, Marketing Projects Manager at AXA Australia, and Account Director at Eclipse Multimedia.

Scott Lillingston Head of Compliance

Bachelor of Commerce and a Bachelor of Laws (Honours)

Scott is the Head of Compliance at Bennelong and has 19 years of experience in funds management.  He is responsible for the implementation of the compliance and risk management framework and the ongoing AFSL monitoring and supervision responsibilities.

In his previous role, Scott spent 13 years with Antares Capital Partners/Aviva Investors/Portfolio Partners in senior compliance and operations roles. More recently, he worked for Melbourne Securities Corporation and Acorn Capital Partners in senior regulatory and compliance roles.

Scott holds a Bachelor of Commerce and a Bachelor of Laws (Honours) both from Deakin University as well as a Graduate Diploma in Applied Finance and Investment.

BFMG & BFML Boards

Bennelong Funds Management Group Pty Ltd (BFMG) is BFML’s parent company and manages the Group’s equity interests in the Bennelong boutique fund managers. Bennelong Funds Management Ltd (BFML) holds an AFSL, is the Responsible Entity for all the Bennelong Trusts and provides a full range of sales, marketing and administrative services to Bennelong’s boutique fund managers.

Stephen Rix Non-Executive Chair

Stephen Rix

B Ec, CA, FAICD

Stephen has broad experience at director level with a wide range of financial services businesses, including investment banking, private equity and infrastructure operations.

He is currently Chairman of the Travelex Asia Pacific Group, Non-Executive Director of Nightingale Partners Pty Ltd, book publishing firm Allen & Unwin Pty Limited and a trustee of one of Australia's leading private funders of cancer research, the Australian Cancer Research Foundation. Previous directorships include Colonial First State Private Capital Limited and Hopkins Partners Funds Management Limited.

Stephen's professional career has encompassed various financial management roles including executive positions with Price Waterhouse, Chief Financial Officer and Director of Merrill Lynch Australia, and Joint Managing Director of Hambros Australia Group. His career has also involved membership on various compliance, audit and risk committees, bringing valuable insight to Bennelong's compliance function.

Craig Bingham Chief Executive Officer and Director

Craig Bingham

Craig Bingham is the Chief Executive Officer (CEO), joining Bennelong on 20 October 2014. Craig is a highly regarded financial services executive with extensive experience in Australian and international markets. He joins Bennelong from Federated Investors Asia Pacific where he was CEO. Prior to that, he was CEO at Portfolio Partners which later became Aviva Investors Asia Pacific, where he was responsible for establishing and developing licensed asset management businesses in Australia, Singapore and China, and expanding Aviva’s presence in Asia and the Middle East. Under Craig’s leadership, he built the strong-performing, award-winning Aviva Investors brand in the Australian market, opened distribution offices in Taiwan, the Middle East and Japan, and created an enviable corporate culture with a strong profit focus.

Andrea Waters Non-Executive Director

Andrea Waters

BCom, FCA, GAICD

Andrea is a chartered accountant and had an extensive career at KPMG as a Financial Services Audit Partner specialising in managed investments and superannuation. Her clients included major publicly listed entities, private companies and boutique fund managers. She was lead partner responsible for a range of financial statement audits, compliance plan audits and other regulatory audits required in the Wealth Management sector.

Andrea is now a professional Non-Executive Director. Her current Board appointments include Chartered Accountants Australia New Zealand, Citywide, CareSuper and MyState Bank Limited. Past Board appointments include the Cancer Council Victoria and the Lord Mayor's Charitable Foundation. Andrea has extensive experience with Audit Committees on her boards, including as Chair of the committee.

Andrea is also an accredited Facilitator for the Australian Institute of Company Directors Company Director Course.

Gary Toomey Non-Executive Director

Gary Toomey

B Com, FCA, Adjunct Professor Griffith University

Gary Toomey is the Chief Executive Officer of Bangarra Group. Gary has a Bachelor of Commerce and is a Fellow of the Institute of Chartered Accountants.

Gary started his career in audit roles at KPMG and then moved into various roles in the airline sector CFO of Australian Airlines, CFO, Deputy CEO and Board Member of Qantas, CEO of Air New Zealand, CEO of Airlines PNG, CEO of Jet Airways and adviser to CEO of Etihad Airways.

During Gary's time at Qantas, the company delivered consistent growth in profitability. His direction in establishing a solid financial base for the newly privatised company assisted Qantas in becoming one of the most profitable airlines in the world.

Gary’s previous roles have included Non-Executive Directorships at ANZ Banking Group, Star Alliance and Air Pacific.

Lincoln McMahon Non-Executive Director

Lincoln McMahon

BCom, BA, INSEAD

Lincoln McMahon has extensive CEO and COO experience, as he has held senior roles in asset management, insurance and banking around the globe.

Lincoln previously worked as COO at BlackRock, which included a position on the board and CFO responsibilities. Prior to this, Lincoln was CEO at HSBC Insurance and Superannuation, which included a board role in Mexico City.

Vicki Allen Non-Executive Director

Vicki Allen

BBus, MBA

Vicki Allen is an experienced Non-Executive Director, with an executive career of over 25 years in the financial services and property investment industries.

Vicki provides strong governance expertise across regulated entities and her executive roles included senior strategic, product, operations and advisory roles at The Trust Company, MLC and Lend Lease Corporation.

Audit, Risk and Compliance Committee

The Audit, Risk and Compliance Committee is a direct delegation of the BFML Board. Its role is to add value to the group’s audit, risk and compliance functions, ensuring sound processes are embedded into its asset management business.

It is also the role of the Committee to guide the business in its endeavour to be a responsible and ethical manager, not only performing in today’s economic climate but building a robust funds management business for the future.

Andrea Waters Non-Executive Chair

Andrea Waters

BCom, FCA, GAICD

Andrea is a chartered accountant and had an extensive career at KPMG as a Financial Services Audit Partner specialising in managed investments and superannuation. Her clients included major publicly listed entities, private companies and boutique fund managers. She was lead partner responsible for a range of financial statement audits, compliance plan audits and other regulatory audits required in the Wealth Management sector.

Andrea is now a professional Non-Executive Director. Her current Board appointments include Chartered Accountants Australia New Zealand, Citywide, CareSuper and MyState Bank Limited. Past Board appointments include the Cancer Council Victoria and the Lord Mayor's Charitable Foundation. Andrea has extensive experience with Audit Committees on her boards, including as Chair of the committee.

Andrea is also an accredited Facilitator for the Australian Institute of Company Directors Company Director Course.

Stephen Rix Non-Executive Director

Stephen Rix

B Ec, CA, FAICD

Stephen has broad experience at director level with a wide range of financial services businesses, including investment banking, private equity and infrastructure operations.

He is currently Chairman of the Travelex Asia Pacific Group, Non-Executive Director of Nightingale Partners Pty Ltd, book publishing firm Allen & Unwin Pty Limited and International Parking Group, and a trustee of one of Australia's leading private funders of cancer research, the Australian Cancer Research Foundation. Previous directorships include Colonial First State Private Capital Limited and Hopkins Partners Funds Management Limited.

Stephen's professional career has encompassed various financial management roles including executive positions with Price Waterhouse, Chief Financial Officer and Director of Merrill Lynch Australia, and Joint Managing Director of Hambros Australia Group. His career has also involved membership on various compliance, audit and risk committees, bringing valuable insight to Bennelong's compliance function.

Craig Bingham Chief Executive Officer and Director

Craig Bingham

Craig Bingham is the Chief Executive Officer (CEO), joining Bennelong on 20 October 2014. Craig is a highly regarded financial services executive with extensive experience in Australian and international markets. He joins Bennelong from Federated Investors Asia Pacific where he was CEO. Prior to that, he was CEO at Portfolio Partners which later became Aviva Investors Asia Pacific, where he was responsible for establishing and developing licensed asset management businesses in Australia, Singapore and China, and expanding Aviva’s presence in Asia and the Middle East. Under Craig’s leadership, he built the strong-performing, award-winning Aviva Investors brand in the Australian market, opened distribution offices in Taiwan, the Middle East and Japan, and created an enviable corporate culture with a strong profit focus.

Lincoln McMahon Non-Executive Director

Lincoln McMahon

BCom, BA, INSEAD

Lincoln McMahon has extensive CEO and COO experience, as he has held senior roles in asset management, insurance and banking around the globe.

Lincoln previously worked as COO at BlackRock, which included a position on the board and CFO responsibilities. Prior to this, Lincoln was CEO at HSBC Insurance and Superannuation, which included a board role in Mexico City.