Diversification is key to unlocking Boyer Allan’s potential in Asia
Tue Sep 21, 2010
Boyer Allan has used a prudent tactical mix of revamping its client base and product range to rebuild its business post the global crisis
Back in 2005, the co-founders of Boyer Allan Investment
Management were acutely aware of the need to diversify their
business if it was to reach its full potential. However, with
more than $1.9 billion in assets under management and a highly
successful flagship fund that had been hard-closed for several
years, this proved to be easier said than done.
Bringing in ex-Goldman Sachs prime brokerage man Roger
Denby-Jones as chief executive officer marked the turning
point, but shifting the client mix and product range of a firm
with substantial AUM is akin to navigating an oil tanker in a
different direction – it can’t be
achieved quickly unless there are external forces at play. In
the end, the process was helped along by what Jonathan Boyer
looks back on as a 'life-threatening
experience’– large-scale redemptions in
2008 and 2009 that took the AUM down to a...
ISSN: 2151-1845 / CDC10004H
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