News

Bennelong partners with Touchstone

4 August 2015

Bennelong Funds Management (Bennelong) today announced a significant partnership with newly formed Australian equities investment team, Touchstone Asset Management (Touchstone). The boutique is a joint initiative between Bennelong and Touchstone’s co-founders Jack Chemello, Suellen Morgan and Mary Feros.

Building on their extensive industry experience, Touchstone’s approach seeks to minimise the risks inherent in managing to a highly concentrated Australian equities index. As such, the portfolio will be benchmark unaware, and constructed using their proprietary and highly rigorous Quality at a Reasonable Price (QARP) investment process. While QARP is a fundamental bottom-up process, it also incorporates a top-down risk management framework designed to successfully manage the portfolio during varying market conditions and economic cycles. The fund, which will be launched later in the year, will run a concentrated portfolio.

The partnership with Bennelong, who will provide significant back office and financial support, has enabled Touchstone to bring together a team of diverse and talented investment professionals focused purely on managing Australian equities in an organised and disciplined manner. To this end, Touchstone has appointed three highly regarded Investment Analysts, Ron Sargeant, Peta Arnott and Blake Dowsett, effective immediately.

While the team is newly formed, the founders have a shared work history which enhances their collaborative approach. Speaking on behalf of the founders, Jack Chemello said “I’m thrilled to be coming together with two former colleagues – Suellen and Mary - as part of a highly experienced investment team, offering a new and differentiated product in the Australian equities marketplace”.

Craig Bingham, Bennelong Chief Executive Officer said, “Attracting a team of this calibre, with their impressive industry standing, is a real coup. We are passionate about being partners of substance to investment teams with high alpha capability and are excited by what the future will bring.

“The joint venture with Touchstone is yet another step in our journey to being recognised for excellence in delivering the highest quality investment managers and products – both locally and around the globe.”