Elevation signs Australian deal
Elevation took the international equities category in the Morningstar Fund Manager of the Year awards this month.
Managing director Christopher Swasbrook said the deal would allow Elevation to offer itself as a global investment manager in the Australian market.
He said international investors saw the team’s New Zealand location as a benefit. “It’s a huge advantage to be away from the noise. Some American clients like that we are in New Zealand. We have a different perspective of investing around the world so they give us their money to invest internationally, they don’t give it to us to invest in New Zealand.”
He said Australia was a substantially bigger market for Elevation to tap into and he was optimistic about the opportunity. Australians had traditionally been over-invested in their own market, he said.
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