The strategic partnership provides a pathway for investors to access Vinva's strategies
Corrs Chambers Westgarth has assisted Vinva Holdings Limited as it entered into a strategic partnership with Magellan Financial Group Ltd.
Under the deal, Magellan picks up a 29.5% stake in Vinva and enters into a long-term global distribution agreement. Corrs lead partner Fadi Khoury said that the transaction “marks a significant milestone”.
“The partnership with Magellan offers a pathway for US institutional investors and local retail investors to access the firm’s strategies”, Khoury explained.
The team-up is set to extend the distribution reach of Vinva’s offerings into the US and other international institutional investor markets. It is also anticipated to expand Vinva’s offerings into the Australian and New Zealand retail investor and platform markets.
Launched in Australia in 2010, Vinva is a global investment management firm focusing on systematic equity strategies, particularly long and long-short strategies across Australian and global equity markets for institutional and wholesale clients. The company oversees more than $22bn in active share investment strategies across 47 countries.
