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Blackwattle Investment Partners (Blackwattle) will take over responsibility of the Watermark Absolute Return Fund (WARF) following the retirement of its founder, Justin Braitling.
The investment manager is set to take over the management of the $90 million Watermark Absolute Return equities fund, transitioning it to an ASX long-short small cap product.
Apex Group Ltd, a global financial services provider, today announces its appointment to support the launch of Blackwattle Investment Partners, a newly created Australian fund manager. Blackwattle, a new generation Australian investment manager, has recently launched with initial seed capital commitments of over $60 million to offer investment solutions across Australian equities, and in time
The new fund manager, which launched its first three funds this month, has named Apex Group for fund administration, transfer agency, middle officer and custody solutions.
Backed by some of Australia's wealthiest families, Sydney-based equities boutique Blackwattle Investment Partners is open for business.