New pie like fund being baked
Pie Funds former Head of Australasian Equities Chris Bainbridge, has established a new boutique fund manager Discovery Funds Management.
The company was registered in March and lists Bainbridge as the sole owner.
However, former Pie Funds chief investment officer Mark Devcich will be joining him after he finishes with Pie at the end of this month.
Bainbridge says Discovery’s strategy will build on the experience of the pair running multiple products at Pie Funds including the Emerging Companies Fund which has compounded at 19% annually since inception, the Australasian Growth 2 Fund and previously, the Australasian Dividend Fund.
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