August 13, 2019

August 13, 2019 | Media Releases


Zurich Investments and Celeste Funds Management announce exclusive distribution partnership

Zurich Investments today announced that it has signed an exclusive partnership agreement with Celeste Funds Management to distribute the existing Celeste Australian Small Companies Fund in the Australian market. The partnership combines Zurich Investments’ distribution capacity with Celeste’s investment management expertise and reputation.

Celeste Funds Management was selected by Zurich Investments following a search for a highly respected smaller companies investment manager.

Celeste boasts a strong 15-year track record in the market with superior long-term performance, a stable and dedicated investment team garnering strong ratings by leading research houses, as well as a significant footprint with retail investors.

Matthew Drennan, Zurich’s Head of Savings & Investments, said these were key attributes Zurich Investments was seeking in a manager and provide a firm foundation for establishing a long-term partnership.

“Celeste Funds Management is a proven manager of Australian smaller companies and an excellent addition to the suite of Zurich Investments strategic partnerships,” he said.

“We are excited to welcome the Celeste team as our newest strategic partner managed by Frank Villante and Paul Biddle”.

Chief Investment Officer, Frank Villante said “The Celeste team looks forward to developing a mutually beneficial strategic partnership with Zurich Investments. We believe we can deliver above benchmark returns, from the application of our investment process for the benefit of the client base”.

Zurich Investments has also appointed Celeste to take over management of the Zurich Investments Small Companies Fund within its diversified offerings.

“We believe Celeste provides current investors and advisers within these offerings with a seamless like-for-like option,” Matthew Drennan said.

 

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Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 54,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.

About Zurich Investments
Zurich Investments partners with Australian advisers and their clients in strategic wealth creation. For over 35 years Zurich Investments has gained access to exclusive Australian and international partnerships with best-ofbreed fund managers across a range of asset classes and management styles.
Today, our suite of funds offers unique choice, diversification and access to Australian advisers and their clients. Our business is an enduring, independent brand in the Australian wealth management market with investments backed by a genuine partnership philosophy. This aligns with the global Zurich purpose to be a mainstay in the wealth creation and life protection of our customers.

About Celeste Funds Management
Celeste Funds Management is an employee owned, specialist small companies investment manager that has been generating long-term wealth for our clients since 1998. We have a sole focus on Australian small companies listed on the ASX. Celeste executes a well-established analytical investment process that has a long history of delivering attractive above benchmark tax effective returns. Our dedicated investment team has over 80 years combined experience in financial markets.

For further information contact:

Richard Dunkerley
Head of Communications and Industry Relations

Zurich Life & Investments

richard.dunkerley@zurich.com.au

Madden & Assoc.
Carlotta Vittori
+61 449 207 228

 carlotta@madden.com.au