Active managers go passive

Thom Bentley

The new funds management company, EBT Capital, is planning to offer three international funds which use ETFs in their portfolios.

EBT Capital has Simon Botherway as its independent director and chairman. Botherway has had a number of high profile roles in funds management including establishing Brook Asset Management and running ANZ’s investment management business.

Thom Bentley, who has been involved with Mint Asset Management and PIE Funds, is the co-managing director of the new business.

The other co-managing director is Steve Turner. Turner established a business Capital IQ in the US, which collected data on managed funds. The business, which had 4,000 employees and a turnover of US$300 million was eventually sold to Standard and Poor's.