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dmpam.com.au

Stage

Merger | Merged

About DMP Asset Management

DMP Asset Management offers a range of services to wholesale clients including independent investment advice, Australian equities, Australian hybrids (preference shares and income securities) and Australian corporate bonds and term deposits.

DMP Asset Management Headquarter Location

Level 2, 136 Exhibition St

Melbourne, Victoria, 3000,

Australia

+61 3 9981 3300

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Latest DMP Asset Management News

'Business as usual' as boutique funds SG Hiscock and DMP join forces

Mar 27, 2019

Share Boutique funds managers SG Hiscock and DMP Asset Management are set to merge, creating an institution with more than $2.5 billion of funds. The merger, announced on Wednesday, is due to be finalised by Sunday, with the new entity to be based in Melbourne. In a joint letter to clients sent on Wednesday, DMP executive chairman Harry Cator, chief executive Angus Graham and SG Hiscock chairman and managing director Stephen Hiscock said it would be "business as usual – with the exception of a larger research and portfolio management team". Both businesses will retain their brands and respective Australian Financial Services licences, and will have a total of 16 fund managers. Angus Graham of DMP (left) and Stephen Hiscock of SG Hiscock will join forces to manage $2.5 billion. Eamon Gallagher SG Hiscock was founded in 2001 and is fully owned by its staff, who formed the company after leaving National Asset Management. The fund manager specialises in Australian equities and property, managing both Australian and global real estate investment trust portfolios in the form of retail and institutional funds products. Advertisement The group is best known for its SG ICE Fund, which commenced in February 2006 and  manages about $730 million. Although the fund has under-performed the market over the past three years, it has delivered an average result of of 10.6 per cent a year since inception. Its largest holdings are Carsales.com, AMA Group, Bapcor, Webjet and Sydney Airport. DMP Asset Management was founded in 1991 and specialises in running "bespoke" portfolios. DMP staff have transferred their shareholding into SGH. "As such we will continue the long tradition, along with the staff of SGH, of complete independence from outside control or other financial institutions," the combined letter said. Mr Cator and Brenda Shanahan will join the SGH board while Mr Hiscock will join the board of DMP. As boutique fund managers are joining forces, the environment has been tough for larger Australian equity fund managers, some of which are winding down. The Australian Financial Review's Street Talk reported that Melbourne-based JCP Investment Management , which once ran $10 billion of assets under management, was winding down and returning funds to clients. Other well-known Australian funds management teams that have closed  in recent years include Colonial First State Global Asset Management's "core" team, AMP Capital's active equities team, Arnhem Investment Management and most recently Janus Henderson's Australian equity team. Meanwhile UBS Asset Management transferred $800 million of funds in equity and unit trusts to $6 billion equities and credit fund Yarra Capital , while an undisclosed amount was transferred to CBRE. Share

  • Where is DMP Asset Management's headquarters?

    DMP Asset Management's headquarters is located at Level 2, 136 Exhibition St, Melbourne.

  • What is DMP Asset Management's latest funding round?

    DMP Asset Management's latest funding round is Merger.

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