Investing: Boutique Manager

There are people come out of financial institutions to offer their skills. Sometimes, they’re people who have struck out on their own, leaving the security of their jobs in larger financial groups. These start-ups are called boutique fund managers.

‘Boutique’ suggests up-market exclusivity on a small, personal scale. Boutiques tend to be small in size, especially at the inception stage and the house is identified with one or two key individuals who own and run the company. The fund managers’ track records are their companies’ best and probably, only advertisement. Their focus is managing money first and marketing second.

Size isn’t the critical defining feature of boutique managers; it’s their independence from the influence of the parent or related companies within the same financial group that sets them apart from the ‘big boys’. Often, conflicts of interest may arise in a large financial group comprising stock broking, banking, investment banking and fund management operations.

Clients are boutiques’ only source of income; this is a real motivation to perform, unlike bank-backed houses that may still rely on their parent or related companies for survival.

The alignment of customers’ and fund managers’ interests gives comfort to investors that boutique managers stay focused on what they’re paid to do, which is making money. The success of a boutique fund manager is critically dependent on their promise to deliver in terms of performance. Therefore, commitment and focus is critical.

To ensure survival and success, boutique fund managers have to differentiate and carve a niche for themselves. This is done by way of specialization in specific asset classes or investing philosophy and styles.

Since they have come out to compete with asset management companies backed by financial institutions, they had better have differentiation points. Those who succeed have a large following pertaining to their investment styles and philosophy.

Given the size of boutique managers, most of the back-room operations involving the administration and investment operations are outsourced to third parties, thus freeing fund managers from administrative work for better focus on investing.

Having a small fund size also allows the fund manager to be nimble; they have ability to move in and out of markets quickly in response to market events. A smaller team and the absence of intermediaries between the fund manager and client translate to a closer client-manager relationship. Boutique managers also don’t have the advantage of a well-known and trusted name, an extensive distribution network or the protection afforded by layers of organizational structure.

Furthermore, the fund manager has to somehow win the prospective client’s trust. Thus, customer service is important as investors are the fund managers’ only source of income and they’re dealing with financially literate investors. Boutique fund managers also offer consistency in investment style since the owner-manager isn’t likely to leave the company. But the characteristics of boutique managers do present apparent weaknesses in terms of custodian and key-man risks. The absence of backing from a financial group is both a benefit and potential disadvantage. However, key-man risk is a risk faced by any small business, not just boutique managers. Boutique managers risk going out of business if they suffer consecutive years of losses as a result of poor performance.

These risks may be outweighed by the benefits of boutique managers. It is believes the services offered by this group of money managers will be in greater demand as more investors realize the benefits of diversifying across different styles and managers.

Surry Hills Art and Culture

The iconic inner-city suburb of Surry Hills is located on Sydney’s south-eastern city fringe. With its famous mix of restaurants, cafes, bars, boutique shops, arts and culture this creative and centrally located urban precinct is a great destination to get fully immersed in the best of Sydney’s cutting-edge contemporary style.

And with its striking mix of classic Victorian terraces and converted industrial buildings set against the clean lines of modern architectural design Surry Hills has a unique street appeal that sets it apart from the crowd.

Surry Hills is located within easy walking distance of the popular urban centres of Paddington, Darlinghurst, Redfern and Chippendale and is close to the Sydney CBD. Central Railway Station is located on the western side of the suburb making it a great base to explore the full range of attractions on offer across the inner city.

Surry Hills Accommodation
The heritage listed Hotel Harry provides the ideal setting to explore the cultural heart of Surry Hills and Sydney’s CBD and is within an easy stroll of Circular Quay, Sydney Harbour Bridge, the Sydney Opera House, the Rocks, the Botanical Gardens and Darling Harbour.

Museums and galleries
Surry Hills is brimming with off-beat galleries and studios that showcase the work of some of Australia’s leading artists. Visit the former studio and home of influential contemporary artist Brett Whiteley. Or get a feel for the work of our best emerging artists at the M2 gallery. This edgy establishment showcases painting, photography, illustration, sculpture and performance art. Or for a taste of contemporary, pop and underground culture don’t miss Outre Gallery on Crown Street.

Performing art
See a show at the Belvoir Street Theatre. Recognised as a leader of performing arts innovation, the theatre promises an annual program that is dynamic and visionary. Grab a meal in the theatre foyer before the show or enjoy a quiet drink at the in-house Hal Bar. Eat, drink and enjoy the Belvoir experience.

Restaurant and café culture
Take time to explore the Crown Street central thoroughfare. With its thriving cafe and restaurant scene this bustling foody mecca is a ‘must do’ for visitors. Sit, relax and enjoy a hearty breakfast at the Bourke Street Bakery. Stop for lunch at bill’s at Surry Hills, or try one of the many local pubs like the Norfolk Hotel or Trinity Bar for a gourmet counter meal. Finish the day with best of modern South East Asian cuisine at Longrain. Enjoy classic tapas at Movida or superb Italian cuisine at Vini.

Fashion and shopping
Surry Hills is a designer clothing, furniture and homewares paradise with some of the best design and vintage fashion outlets in the city. Pick up an original piece at Mushu boutique clothing and accessories. Or get your cool on at Paris Texas where you will find edgy stylish clothing for the fashionista within.

For a modern luscious piece for the home don’t miss the unique and colourful vintage style of the Edit interiors collection. Or for a sustainable option the Bird textiles emporium offers a beautiful range of home eco products. Or make your way to the Surry Hills Markets, held at Shannon Reserve on the first Sunday of each month, where you will find a range of quality hand-made, second hand and recycled goods.

Surry Hills is at the creative heart of Sydney’s inner city and with great, food, fashion and accommodation on hand, it makes the perfect destination for your next inner-city adventure.

Best Value Broadbeach Apartments

In recent years the concept of holiday apartments has become extremely popular in Broadbeach. This is primarily because Broadbeach has become one of the most frequented regions of the Gold Coast by tourists from all around the world. Most of the tourists find the range of local apartments to be the best type of accommodation to go for during their trip.

Some of the leading Broadbeach Apartments that you will be able to find during your trip are mentioned below:

Mantra Broadbeach On The Park

This particular apartment complex is bound to leave you spellbound with its amazing resort like feel and unique sense of style employed in its architecture. It is located in the boutique center of Broadbeach with a host of tourist attractions in close proximity. The patrolled surf beaches are just one block away from this property and each apartment gives you a fascinating view of the coast.

Mantra Bel Air Resort Apartments

Also part of the collection of amazing Broadbeach Apartments is the Mantra Bel Air Resort Apartments. The exact location of these apartments places them right opposite the Pacific fair with the cosmopolitan center of Broadbeach being just a few minutes walk away. The property features luxuriously appointed one and two room fully self-contained apartments. Each apartment is accompanied by a private balcony and provides a fascinating view of the ocean and hinterland. You will find each apartment to be facilitated with fully equipped kitchens and laundry facilities.

Mantra Phoenician

This wonderful local holiday apartment building is situated just 100 m away from the Kurrawa Beach. If you are looking to pamper yourself and to immerse yourself in utmost luxury then step right into this fascinating holiday apartment building. The Mantra Pheonician is regarded as being one of the high end holiday apartments in the region.

Mantra Sierra Grand

Featuring a total of 30 levels this apartment building offers resort style accommodation on a premium Broadbeach location. The golden beaches and crystal surf are just a stone’s throw away from the property. At the same time you find the sidewalks to be dotted with fine cafes and specialty shops. The luxuriously furnished accommodation offers panoramic views of the ocean and hinterland from their attached balconies.

The Waves Resort

This is perhaps the most distinctive building that you will be able to find across Broadbeach. The unique architecture pays homage to the name and you will find it to be made in such a form that it appears to have waves on its surface. The interior of the building is just as impressive and the same can be said about the standard of services and facilities that it has to offer.

The above-mentioned information clearly brings to light the kind of experience Broadbeach apartments have to offer. While on the one hand these apartments are more affordable as compared to the hotels and resorts of the region at the same time they make no compromises in terms of the level of luxury, comfort and facilities that they have to offer.