Cadence Investment hails rising assets

An Edinburgh-based boutique investment manager has hailed continued growth as its assets under management surpassed the $150 million (£117m) mark.

Cadence is centred on a long-term investment approach with a 'highly focused' portfolio. Picture: Daniel Leal-Olivas/AFP/Getty Images

Cadence Investment Partners, which is focused on a long-term strategy in the Asian market, started out in 2015 advising on $15m in assets.

The partnership was founded by Jason McCay, Richard Evans and Stewart Higgins, all formerly of established equity specialist Martin Currie.

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Since its launch, the Cadence Strategic Asia Fund has returned 23 per cent, against 7 per cent for the MSCI Asia Net Total Return index.

Cadence’s core concept is a long-term approach with a highly focused portfolio of 20 to 30 holdings.

The firm said: “Our assets under management have grown steadily over the past four years, supported by a number of wealth managers and family offices. We are encouraged by our progress and we remain focused on delivering strong long-term performance.

“As our assets now pass the $150m mark, we are seeing greater interest in our product from the wealth management industry.

“Our strategy appeals to those who are attracted to the long-term prospects for Asian economic growth and like managers who are heavily personally invested in the strategy.”