GSFM to acquire a 49% stake in Redpoint from MLC.

CI Financial owned GSFM, a private equity firm is set to acquire a 49% stake in Redpoint Investment Management, a provider of investment management services from National Australia Bank-owned MLC Asset Management. Financial terms were not disclosed. Redpoint uses a quantitative approach to investing in listed asset classes, including Australian and global equities, global infrastructure and global property. “GSFM’s acquisition of a 49% equity stake in the business will allow the Redpoint team to focus on investment management, while also introducing our funds to a wider audience through GSFM’s dedicated, focused and specialist distribution capability.” Max Cappetta, Redpoint CEO.