Jupiter Asset Management has entered into a strategic partnership with Australian institutional market specialist Institutional Distribution Partners, according to a Jupiter news release.
The partnership is part of IDP’s strategic goal to grow in international markets and increase its business with institutional clients. Jupiter has said its focus on Australia is driven by the scale of the local institutional market, which is the fifth largest in the world, and the opportunities presented by the nation’s pension fund market.
The partnership with IDP will allow Jupiter to engage with Australian asset owners and consultants.
“Jupiter is a long-standing active asset manager in the fields of ecology, sustainability, and systematic investing, who we believe is well-equipped to work in concert with institutional investors in our market,” said Shannon Leake, managing partner and co-founder at IDP, in the news release:
IDP is a specialist multimanager institutional investment distribution firm, headquartered in Melbourne. In aggregate, IDP’s fund manager clients manage $700 billion in assets.
The London-headquartered Jupiter Asset Management had £52 billion ($66.2 billion) in assets under management as of Dec. 31.
