WOODSIDE, Calif., May 24, 2012 (GLOBE NEWSWIRE) -- Fisher Investments announced it will launch a new, wholly-owned subsidiary—Fisher Investments Australia (FIA). "Creating our new subsidiary follows considerable time spent in Australia establishing key relationships with major Australian investors. We plan on dedicating significant resources and capital to the endeavor underscoring our commitment to the region," said Institutional Group Vice President Justin Arbuckle. He continued, "We feel our top-down, macro-driven equity strategies offer unique investment solutions to the Australian marketplace. Interest has been strong."
Based in Sydney, FIA will serve all of Australia. "The market represents about a $1.2 trillion opportunity and continues to grow rapidly," said Arbuckle. Fisher Investments secured its first Australian institutional client late last year and several other key prospective clients are in advanced stages of due diligence.
Separately, the firm also announced it would be adding new resources to its existing wholly-owned subsidiary in London—Fisher Investments UK. Although there has been a presence in the United Kingdom since 2000, additional staff will be dedicated to serving institutional investors across the European continent.
About Fisher Investments
Founded in 1979, Fisher Investments is an independent, privately-owned money management firm with tens of billions under management. Fisher Investments maintains two principal business units, Fisher Investments Institutional Group and Fisher Investments Private Client Group, which serve a global client base of diverse investors. Fisher Investments' clients include over 100 large institutions and over 25,000 high net worth individuals. Founder and CEO Ken Fisher has written the Forbes "Portfolio Strategy" column for 27 years, has written 8 books on investing and personal finance (5 of which are national bestsellers), and in 2010 was named by Investment Advisor magazine as one of the 30 most influential industry individuals in the last 30 years (Thirty for Thirty, May 2010).
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