relationship to learn clients and strengthen corporations
Road. Louis, MO/ACCESSWIRE/November 15, 2022/ Kennedy Capital Management, Inc. (“Konkola Copper Mines”) and Azimut Group (“Azimut”) at the moment introduced an settlement to type a partnership whereby KCM will lead the expansion of Azimut’s public fairness asset administration enterprise in the US. The partnership will enable Azimut to learn from the experience of St. Louis-based KCM, a number one boutique asset administration agency with a historical past spanning greater than 4 many years. KCM will be capable to make investments extra in its basis and future development, serving to solidify the corporate’s intense analysis focus.
Headquartered in Milan, Italy, Azimut was based in 1989 and manages greater than €85 billion in property* – together with public equities, mounted earnings, personal fairness, personal credit score and enterprise capital. Azimut’s enterprise is international in nature, and presently operates in 18 international locations.
Below the settlement, Azimut will purchase a minority stake in KCM, and KCM will proceed to function independently, whereas sustaining management over funding operations, model and tradition, with none adjustments to funding methods or groups. The asset development ensuing from this settlement could make it simpler to retain and recruit expertise, a vital consider reinforcing the flywheel that has pushed KCM’s success over a number of many years and market cycles.
“Our company and particular person clients are on the coronary heart of each choice we make,” mentioned KCM CEO Don Cobain. “This focus is ingrained within the DNA of KCM, and we consider that Azimut’s huge international assets will improve our means to ship efficiency and serve these purchasers. We glance excitedly at leveraging the mixed strengths of our organizations and collaborating with such a top quality, globally acknowledged group. Azimut’s fame enhances Our enterprise is unfold throughout continents targeted on US equities.”
Giorgio Medda, CEO and International Head of Asset Administration and FinTech, commented: “We’re more than happy to announce this vital transaction in the US, a market that’s quick changing into Azimut Group’s second largest after Italy. KCM gives unparalleled funding capabilities that complement Our broad providing of conventional and various methods permits us to companion with a confirmed asset supervisor with deep expertise within the actively managed US equities house. We’re thrilled to be embarking on this enterprise with Don, Frank, Jan and the remainder of the KC staff, and look ahead to rising collectively for the long run.”
Different current investments by Azimut within the US embody a major stake in Sanctuary Wealth Administration, an unbiased US-based wealth administration agency with practically $25 billion in property, in addition to Azimut Various Capital Companions, which goals to purchase minority stakes in various property. The administrators are principally in the US
Topic to regulatory approval and customary phrases, Azimut, by means of Azimut US Holdings Inc. , buying 35% of KCM’s share capital, with the remaining stake persevering with to be held extensively by present KCM workers. Azimut could have the choice to extend its stake over time. The 2 events additionally agreed to work collectively to develop the enterprise in the long run by means of a mutually agreed upon 10-year marketing strategy.
Berkshire International Advisors acted as monetary advisor and Goodwin Procter was KCM’s authorized advisor on the transaction.
* As of September 30, 2022.
About Kennedy Capital Administration, Inc.
Based in 1980, St. Louis-based Kennedy Capital Administration offers funding methods for company and public pension funds, endowments, foundations, multi-employer plans and excessive web price people. As a registered funding advisor, KCM makes a speciality of managing methods for SMEs throughout the expansion worth spectrum and, as of September 30, 2022, managed $3.57 billion in property. KCM integrates Environmental, Social and Governance (ESG) concerns into its analysis course of and has practically 20 years of expertise managing accounts for socially accountable purchasers. For extra info go to www.kennedycapital.com.
Azimut is without doubt one of the main unbiased teams in Europe energetic (since 1989) within the asset administration sector. The dad or mum firm Azimut Holding was listed on the Italian Inventory Alternate on July 7, 2004 (AZM.MI) and is a member of, amongst others, the primary Italian index FTSE MIB. The shareholder construction contains greater than 1,900 administrators, workers and monetary advisors who’re sure by the shareholder settlement that controls California. 22% of the corporate. The rest is a free float. The group contains many corporations working within the area of promoting, managing and distributing monetary and insurance coverage merchandise, and has registered places of work primarily in Italy, Australia, Brazil, Chile, China (Hong Kong and Shanghai), Egypt, Eire, Luxembourg, Mexico, Monaco, Portugal, Singapore, Switzerland, Taiwan, Turkey, the Emirates and the US of America. In Italy, Azimut Capital Administration SGR sells and manages Italian mutual funds and Italian various funding funds, in addition to being energetic within the discretionary administration of particular person funding portfolios. Moreover, Azimut Capital Administration SGR distributes group and third-party merchandise in Italy through a community of economic advisors whereas Azimut Libera Impresa focuses on the alternate options enterprise. The primary overseas corporations are Azimut Investments SA (based in Luxembourg in 1999), which manages the AZ Fund 1 and AZ Multi Asset strategic multi-funds, and Eire’s Azimut Life DAC, which gives life insurance coverage merchandise.
Secure Harbor Assertion
This press launch doesn’t represent a proposal to promote or a solicitation to purchase, and there could also be no sale of those securities in any state or jurisdiction through which such provide, solicitation or sale can be illegal previous to registration or qualification beneath the legal guidelines of such state or jurisdiction.
Cautionary assertion relating to forward-looking statements
This press launch comprises sure statements which will embody “forward-looking statements” inside the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Act of 1934. All statements, aside from statements of historic truth, included herein are “forward-looking statements” . Though Kennedy Capital Administration, Inc. You consider that the expectations mirrored in these forward-looking statements are cheap, nonetheless they contain assumptions, dangers and uncertainties, and such expectations might show incorrect. Precise outcomes might differ materially from these projected in these forward-looking statements on account of a wide range of components, together with these mentioned in experiences filed with the Securities and Alternate Fee. You shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. Apart from as required by legislation, Kennedy Capital Administration, Inc. obligation to replace this forward-looking assertion.
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