Bennelong will initially distribute SGI's global long-only equity fund, but more funds are likely to be added in the next few months.
SGI manages more than $20 billion in fixed income, US equity and global equity portfolios for mutual funds, institutional clients, corporate and public pension funds and charitable foundations.
The company's global equity team is based in San Francisco and consists of 13 staff led by senior investment managers John Boich, David Whittall, Scott Klimo and Mark Kress.
Bennelong's primary strategy so far has been to incubate boutique fund managers. It holds equity stakes in three other boutiques.
But Bennelong chief executive Jarrod Brown said a similar approach was not possible in this case.
"It's a distribution model, because in this asset class you couldn't incubate a team of such quality quickly," Brown said.
"It would take a considerable period of time to find the talent, bring them together, build a team, develop a culture, let alone illustrate investment capability where you can tap into a partnership like this."
