Blackwattle takes over Quest Asset Partners

Résumé détaillé

Blackwattle Investment Partners has swallowed up Australian equities manager Quest Asset Partners for an undisclosed sum.

Blackwattle Investment Partners has swallowed up Australian equities manager Quest Asset Partners for an undisclosed sum.

Michael Evans and Chris Cahill established Quest in 2004 after working together at AMP within its equities business.

Evans and Cahill, together with Troy Cairns are joint owners of the boutique. Portfolio managers Swapan Pandya, Shishir Prajapati and Richard Dixon comprise the investment team.

The team will become partners in the combined business and will soon take on the management of two of our Blackwattle portfolios - the Blackwattle Large Cap Quality Fund and the Blackwattle Long-Short 130/30 Quality Fund.

"That continuity is unchanged: the same team, the same process and the same strategies together with the Blackwattle group. Blackwattle will provide the operational, compliance, risk, marketing, distribution and technology platform behind the Quest portfolios," Quest said.

Sydney-based Quest manages Australian equities for institutional, wholesale and private investors.

"We were attracted to a unique structure that preserves everything that's good about being a boutique fund manager, while giving us the scale and capabilities of a bigger platform. Our clients get the same team and the same process, now with the depth of the Blackwattle group behind us," Pandya said.

Also specialising in Aussie equities ranging from small to large caps, Blackwattle launched in 2023, backed by some of the country's wealthiest families.

The boutique is led by managing director and chief investment officer Michael Skinner, formerly of Renaissance Asset Management and Jarred Rubin as chief executive, who hailed from Citi as a sales director.

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