Colonial First State Global Asset Management (CFSAM) chief executive Warwick Negus is making a $10 million cornerstone investment in boutique equities manager Falkiner Global Investors.
Negus, who was also previously a founding partner in boutique manager 452 Capital, will initially place $10 million in the group's flagship global equities fund.
Joining the Falkiner board as a non-executive director, Negus said he has scope to increase the investment to up to $20 million.
"I had to be very considered about what my role could be in the light of the fact that I run a large fund management company, but I can be an investor in this fund and am showing support for it by putting a decent amount of money in," Negus said.
"I've put some working capital in as well, enabling the business to do some of the things it probably couldn't have done before."
Established in April 2004 by chief executive and chief investment officer James Falkiner, the manager focuses on international equities.
"James and I started talking about this around a year ago and about some of the things his business will need to do to make it a better prospect for investors," Negus said.
Grant Samuel investment banker and company director Malcolm McComas also joins Falkiner as a non-executive director.
Falkiner remains the majority shareholder in the business.
