Two investment professionals, Alexander Renwick and Charlie Baillie, have launched Daymer Bay Capital, with the aim of bringing a new level of professionalism to third-party funds marketing in Europe.
Alexander Renwick was previously a director at the third-party funds marketing agency Aravis Capital and Charlie Baillie was a client associate at Aberdeen Standard Investments.
Daymer Bay Capital’s approach has already been welcomed by the investment community with two fund managers, Granahan Investment Management, a small-cap specialist based in the US with over USD1.7 billionn assets under management, and Guinness Asset Management, a UK based long only equity manager with over USD1.65 billion assets under management, becoming the company’s first two clients. Daymer Bay Capital is exclusively marketing Guinness in the Netherlands and the Nordics and will initially represent Granahan in the UK, Channel Islands, The Nordics, Netherlands and Belgium.
The company’s strategy is to work closely with a small number of carefully chosen fund managers to develop a deep understanding of their strategies. This selectivity will enable Daymer Bay Capital to represent their fund managers with authority and match them intelligently with the appetites of institutional investors.
“We are seeking to become Europe’s pre-eminent third-party marketer. We believe we are in an ideal position to act as the number one conduit linking elite global investment management firms and the European fund buying community, with a focus on institutional investors,” says co-founder Alexander Renwick. “Integrity, strong technical abilities and sophisticated market intelligence will be the cornerstones of the Daymer Bay Capital approach.”
Co-Founder Charlie Baillie says: “We are excited to announce Granahan Investment Management and Guinness Asset Management as our first clients. We continue to have in depth conversations with several other leading fund managers, all of whom are attracted to our focused, professional and lean approach to asset raising. We hope to announce further clients soon.”
