Vinva Investment Management is set to exceed $2 billion in funds under management following strong interest from institutional investors in its Australian equities strategies.
"Since opening for external clients in January 2011 we've had over $1 billion in institutional mandate wins which have been funded from seven clients," Vinva managing director and head of equities Morry Waked said.
"We also have commitments for another $1 billion, which are not yet funded, which will take us to over 10 clients."
He said the client wins have meant that all of Vinva's strategies, including active long-only, 130/30 and pure long/short, have been seeded.
"For some of our long-short strategies we are already getting close to our self imposed fund capacity limits," he said.
Waked was unable to name the clients but said they were mainly super funds.
Vinva currently has 11 employees and expects to add more investment and distribution staff as the business grows.
The boutique plans to focus on its Australian equities strategies for now, but may look to expand into other markets, including Asian shares, in the future.
"We want to ensure that we keep the business to a manageable size that allows us to maintain our focus on delivering investment performance and deep relationships with our clients," he said.
