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Emerging markets specialist Broad Reach expands to the US

Thursday, May 12, 2022
Opalesque Industry Update - Broad Reach Investment Management, the London-based emerging markets macro manager, has announced plans to expand its operations into the US with the opening of a mid-town Manhattan office in September as assets grow amidst continued strong performance.

The new US office will be led by Tom Hunniwood. Tom, who joined Broad Reach in 2017, will move from London and be responsible both for managing capital and marketing. In addition, he will continue to serve as Broad Reach's ESG officer. Prior to joining Broad Reach Tom was a portfolio manager at Balyasny Asset Management.

The establishment of a physical presence in the US is designed to strengthen and expand Broad Reach's relationships with the range of institutional American clients who have become increasingly attracted by the firm's uncorrelated investment strategies and compelling performance.

"Broad Reach already has a significant US client base and strong expressions of interest from prospective new partners to increase that group" said Bradley Wickens, Broad Reach's CIO and Founding Partner. "We therefore saw opening an office in New York as the obvious next step to deepen Broad Reach's relationships with existing and potential investors. What is more, the firm's investment strategies cover Northern, Central and Southern Americas, among other regions, and so as we expand assets, having an active presence in that time zone was another compelling reason for the decision."

"It's a hugely exciting moment for the firm" added Tom Hunniwood. "US asset allocators have really recognised the differentiation of Broad Reach's process and our returns. This step demonstrates the firm's strength in both performance and growth." Broad Reach Investment Management has an aum of some $800m, of which $600m is invested in the flagship Broad Reach Fund. The firm is closely aligned with investor interests through substantial invested partner capital and a high degree of client transparency.

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