GSFM has acquired a 49 percent equity stake in boutique quantitative equities specialist Redpoint Investment Management (Redpoint).  Redpoint’s management team will continue to control 51 percent of the business.

Redpoint was established in 2011 and specialises in listed asset classes including Australian equities, international equities, global infrastructure and global property.

GSFM has acquired the stake previously held by MLC Asset Management (formerly NAB Asset Management) which provided the initial backing and support capital to grow Redpoint to its strong position with $10 billion in assets under management.

Damien McIntyre, chief executive officer of GSFM, said: “GSFM is focused on identifying under-serviced investor needs and marrying this with high-quality investment solutions.

“We see demand in the Australian market for quantitative solutions and Redpoint brings a highly credible and experienced team to provide such strategies.”

Redpoint CEO Max Cappetta said: “GSFM’s acquisition of a 49 percent equity stake in the business will allow the Redpoint team to focus on investment management, while also introducing our funds to a wider audience through GSFM’s dedicated, focused and specialist distribution capability.”

GSFM will distribute:

  • Redpoint Global Infrastructure Fund
  • Redpoint Australian Industrials Fund

To read the media release, click here.