Dominic Johnson, co-founder of Somerset Capital Management LLP in London, has become a shareholder in New Zealand boutique fund manager Castle Point.
Somerset Capital Management LLP is a global emerging markets specialist with USD$6 billion in assets under management.
Johnson said: “I am delighted to have been given this opportunity to invest personally in Castle Point. I have known the team for many years and believe that they represent an excellent example of thoughtful, long term, stock picking in an ever frenetic and short term world. I see the New Zealand savings market as a very promising land of opportunity. This makes it an exceptional environment for Castle Point to offer their clients value added, specialist products, such as their flagship Ranger Fund.”
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