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Challenger launches boutique
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Challenger has launched what it is describing as a new credit investment boutique — Bentham Asset management — off the back of its acquisition of Credit Suisse’s Australian suite of credit investment funds.
Bentham is being brought to market with $1.5 billion in total funds under management and will be managed by Richard Quin (assisted by Nic Persic and Mark Fabry) and will maintain a sub-advisory relationship with Credit Suisse’s New York-based Credit Investments Group.
Commenting on the launch of the new boutique, Challenger joint chief executive Rob Adams said it added a new dimension to the company’s stable of boutique investment companies.
Bentham offers three credit funds: the Bentham Professional Global Income Fund, the Bentham Professional Syndicated Loan Fund and the Bentham Wholesale High Yield Fund. The latter fund is only available to institutional investors.
AUTHOR
Mike Taylor
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