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Article: BOUTIQUE VIEW: Veritable Veritas.
- Article from:
- Money Marketing
- Article date:
- September 17, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Veritas Asset Management started life as a Swiss private client firm in 1993, with founder Anthony Rosenfelder establishing a London office three years later. Moving forward to 2002, Stewart Newton and Charles Richardson had engineered the sale of Newton Investment Management to Mellon and wanted to set up a boutique focused on absolute returns.
At the time, they mulled over starting from scratch or acquiring a business and eventually merged their nascent Real Return Group with Veritas in 2004.
The firm is 100 per cent owned by employees, with no dominant shareholder and a key theme of aligning investor and manager interests. Apart from Newton, ...