POWERED BY MOMENTUM MEDIA
Bell to focus on international equities
Bell Asset Management (BAM), formally Karara Capital, will restructure its business, with the new entity to focus on international equities.
The restructure will see BAM retain its interests in Bridgewater Managed Funds and Global Mining Investments (GMI), while the Australian equities side of the business will be outsourced to a new entity that is to continue operating under the Karara Capital name.
As a result of the restructure, BAM has announced the appointment of Ned Bell as chief executive, who will continue to be responsible for managing the international equities portfolio along with Adrian Martuccio, Mark Kelly and Joel Connell, while Nick Fels has been appointed chief operating officer.
BAM will be owned by the Bell Group and key members of the investment team.
It had over $2.5 billion in assets under management at October 2008, including funds managed by Bridgewater Associates and GMI.
The restructure is expected to be completed by early December 2008.
AUTHOR
Lucie Beaman
Recommended for you
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.
The US remains a standout destination for innovation and commercialisation, according to MLC Asset Management chief investment officer Dan Farmer.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
