BennBridge, which has established offices in London and New York, is part of the BFM Group – which operates as Bennelong Funds Management in Australia. Skerryvore will be based in BennBridge’s Edinburgh office.
Skerryvore will aim to generate long-term returns by investing in emerging market equities with an unwavering focus on quality. The business is named after Scotland’s tallest lighthouse, which is often cited as an outstanding example of engineering constructed in a challenging location – a clear metaphor for safe navigation in risky environments.
Finegan was formerly head of emerging market equities at Janus Henderson. Prior to this, he was an emerging market portfolio manager at First State Investments for more than a decade.
“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,” Finegan comments.
Craig Bingham, CEO of Bennelong, says: “Glen is a manager with an outstanding reputation built over many years, with an enviable track record. His investment philosophy is in line with BennBridge and Bennelong and we look forward to working with him over the coming months to build Skerryvore’s business.”
The BFM Group now partners with 12 boutiques across the globe, delivering actively managed equity funds. The boutiques invest across Australian, UK, Asian and global equities, listed global infrastructure and real estate, as well as global emerging markets.
The Group has experienced significant global growth over the past few years, with demand for strategies increasing across Australia, the UK, Europe and North America. Total assets under management now exceed US $8bni.
Bingham adds: “Our strategic long-term partnerships are key to our business, and our model reflects this. People invest in our funds; our boutique partners manage the money on our behalf; and we manage the business to deliver the best possible outcomes for our clients. It is a testament to the strength of the multi-boutique model the business continues to attract partners of Glenn’s calibre.
“It is important to our business the boutiques are aligned culturally as well as operationally. 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, ensuring their objectives are the same as our clients – always aiming for high performance.”