Markets

ForBarr sees Octagon shaped hole in fund management

Dan Brunskill
Fri, 03 Dec 2021

ForBarr sees Octagon shaped hole in fund management
Chief investment officer Paul Robertshawe said there was an opportunity in the market for another “biggish boutique”. (Image: supplied)
Dan Brunskill
Fri, 03 Dec 2021
Forsyth Barr’s new fund management subsidiary aims to fill a space in the market for a mid-sized active firm and deal with perceptions of any conflict of interest.Octagon Asset Management is essentially a spin out of the broking firm’s existing funds management team, who have been set up with their own brand and governance.Forsyth Barr remains the sole owner of the new entity, but its staff will become shareholders over time. It will start with $650 million of funds under management.Octagon’s chief investment officer Paul Robe...

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