Rodger Kennedy’s Boutique Capital Partners has signed a UK distribution partnership with Kentucky-based value equity boutique River Road Asset Management.
River Road manages $10.1bn in total assets and is an affiliate of Affiliated Managers Group (AMG).
The partnership will bring River Road’s $1bn Large Cap Value Select fund to the UK market.
The strategy has outperformed the Russell 1000 Value Index by an annualised 3% since its launch in November 2014. The UK version of the fund will be released as an OEIC.
See also: T. Rowe Price launches core US equity OEIC
Former Ninety One head of UK Wealth Rodger Kennedy (pictured, centre) set up Boutique Capital Partners, an outsourced fund distribution company, alongside Columbia Threadneedle’s Kelly Prior (pictured, left) and Square Mile’s Steve Kenny (pictured, right) in June.
Kennedy said: “Our partnership with River Road Asset Management aligns perfectly with our mission to provide high quality, differentiated investment opportunities to our fund buyers, at highly competitive prices.
“We believe this collaboration will create significant value for UK investors and contribute to the growth of the active asset management sector.
“Looking ahead, we expect allocation to active US value equity funds to thrive as investors seek to diversify their US equity exposure, given market concentration and the current tilt towards growth.”
See also: Lombard Odier hires UBS high net-worth wealth head as UK CEO
