Oyster joins Raymond James' retail fund platform
SYZ & CO Asset Management has formed a partnership with Raymond James Investment Services to include the Oyster range of funds on its open architecture platform.
This will enable UK intermediaries to easily access Oyster funds through an established retail fund platform.
The partnership marks the latest milestone in SYZ & CO's development in the UK market, after the launch in December of the Oyster Continental European Selection fund.
SYZ & CO (now through its UK asset management firm SYZ & CO Asset Management) has been active in the UK for 13 years. In the UK, SYZ & CO first focused on institutional asset management, specialising in European equities and absolute return mandates. Three years ago, SYZ & CO broadened its focus by registering and marketing its Oyster funds in the UK.
The partnership with Raymond James underlines the development of the UK market, following on from the recruitment of UK focused business development staff and the launch of several funds targeting UK investors. The latest example was the launch in December of the Oyster Continental European Selection fund, a Europe ex-UK version of its successful flagship fund Oyster European Selection managed by Eric Bendahan.
In the UK, Raymond James Investment Services provides investment managers, stockbrokers and investment focused financial planners with an open architecture administration platform, client reporting, research tools and technology solutions.
Stuart Wright, head of operations and product management at Raymond James, says: “We are delighted to be the first platform in the UK to partner with SYZ & Co Asset Management LLP, thereby enabling us to offer the range of SICAVS, branded Oyster funds via the Raymond James platform. We believe that the actively managed, UCITS Luxembourg SICAVs, together with the backing of the long-established Swiss banking group, SYZ & CO Group, are a good addition to our existing line-up of SICAVs.”
Ian Penrose, director of UK distribution at SYZ Asset Management, says: “We are excited to be working with a company as well regarded as Raymond James, and look forward to seeing many of their users at the Raymond James conference later in the year.”
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