Jupiter Asset Management will take a minority stake in US-based investment company NZS Capital and enter into a strategic partnership with the company in the first quarter of 2020.
The partnership will see Jupiter become the exclusive distributor of NZS's global growth unconstrained-style investment portfolios and includes launching Jupiter-branded mutual funds based on these strategies in the future, the company said in a statement.
Brad Slingerlend and Brinton Johns co-founded NZS Capital, having worked together at Janus Capital for 14 years.
Slingerlend was the portfolio manager of the Janus Henderson Global Technology fund from May 2011 to November 2018, while Johns was previously leader of the global technology sector team and co-portfolio manager of the Janus Global Technology fund with Slingerlend until June 2017.
Andrew Formica, CEO, Jupiter commented: "Brad and Brinton are talented fund managers with a carefully-constructed process that has the potential to deliver long-term returns."
He added: "Our early conversations with clients suggest that this approach to investing in global growth companies will be of great interest.
"It also marks our first step into the US, a large and sophisticated market which presents an attractive growth option not just for NZS strategies but equally for Jupiter's existing capabilities."
Jupiter said its priority will be to target institutional investors, including those in the US, where it will begin to have dedicated sales resource for the first time.
Slingerlend said: "Jupiter stands out for its dedication to active management to meet the needs of their clients making it a perfect partner for NZS Capital."
Slingerlend and Johns employ an investment style based on the idea of ‘complexity investing' which, according to Jupiter, "focuses on actively selecting business models that will be able to successfully navigate long-term disruptive forces to the global economy".
Formica's former Janus Henderson colleague Phil Wagstaff joined Jupiter as global head of distribution in June this year. The pair oversaw Henderson Group's merger with Janus Capital in 2017.