Investment-led multi-boutique approach
Investment management is our core business. We combine a strong institutional platform with an investment-led culture to achieve strong risk-adjusted returns for our investors via our ‘multi-boutique’ approach. BT Investment Management Limited (BTIM) is one of the largest ASX-listed pure investment managers (ASX:BTT), with a market capitalisation of around $2.73 billion and funds under management of $87.0 billion as at 31 December 2016. The BT Investment Management Board consists of a majority of independent directors with the Westpac Group being the largest individual shareholder. Staff of BTIM and J O Hambro Capital Management are significant equity holders along with institutional and retail investors.
The BTIM Group follows a ’multi-boutique’ business model, where teams of investment professionals focus exclusively on asset management while distribution, compliance, business and general management functions are delivered centrally. The model is designed to provide the best of both worlds. Fund managers operate in a boutique environment where they maintain full autonomy over their investment approaches and share in the economic value that they create for clients, combined with the strength of a significant institution with a strong operational platform (brand, distribution, compliance, sales and marketing, back office). Boutiques also share information, giving each the benefit of expert views from other asset classes. All our investment teams and those in the central functions receive a portion of their variable pay in BT Investment Management (BTT) equity. This directly aligns our people with the broader shareholder base and links all to the success of the investment performance delivered to clients. Take a look at our investment capabilities here.
J O Hambro Capital Management
Our wholly owned subsidiary, J O Hambro Capital Management (JOHCM), is a boutique investment management business with offices in London, Singapore, New York and Boston specialising in the active management of equities. JOHCM manages assets of $39.9 billion as at 30 September 2016.