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Forsyth Barr launches Octagon Asset Management


Forsyth Barr today announced the launch of a specialist funds management operation, Octagon Asset Management Limited.

In announcing the new entity, Forsyth Barr Managing Director Neil Paviour-Smith said ‘The launch of Octagon Asset Management is a signal of our ambition to evolve and expand Forsyth Barr’s established funds management offering and deliver greater value to those who invest in these funds. Creating an independent asset management business will enable us to access new markets, attract new talent and deliver new fund and investment opportunities.’

Octagon Asset Management will be led by the core Forsyth Barr funds management team including Craig Alexander, Jason Lindsay and Paul Robertshawe. Additional key roles have been filled, with further announcements due in early 2022. The Octagon team will initially be based across Wellington, Auckland and Dunedin.

‘We see real opportunity in both the wholesale and retail funds management spaces’, said Octagon Head of Equities, Jason Lindsay. ‘Our senior portfolio managers have considerable experience working together, and have successfully navigated many investment cycles. That experience is now focused on creating value for Octagon clients.’

Octagon Chief Investment Officer Paul Robertshawe highlighted a clear ambition in the wholesale funds market. ‘Our goal is to provide a compelling proposition in the market. We believe there is an appetite for greater choice and new approaches. Octagon has been established to deliver exactly that.’

The continuity of key staff and partnerships provides the foundation from which the business will evolve, with the focus on delivering superior investment performance for both existing and new clients.

The Board of Octagon will include independent governance.  We are pleased that Richard Bodman has been appointed as an independent director.  He brings considerable and relevant experience to the position.

Octagon Asset Management commences fully-owned by Forsyth Barr but it is intended to include Octagon staff as shareholders. Forsyth Barr Investment Management Limited will continue to be the issuer of the newly named Octagon Investment Funds, with Octagon Asset Management the investment manager. The business formally commenced on 1 December with around $650 million funds under management.

Forsyth Barr launches Octagon Asset Management