Nanuk Asset Management

What Nanuk Asset Management does

Nanuk Asset Management is a privately held Sydney-based boutique investment manager founded in 2009 by Paul Chadwick, Tim Ryan and Ivan Wheen, specializing in actively managed global equities invested through the lens of environmental sustainability and resource efficiency. Its core offering is the Nanuk New World Fund (ASX: NNUK, AUD 921.4m AUM as of May 2026) and its Currency Hedged twin (ASX: NNWH, AUD 236.2m AUM, 1.10% management fee), with a New Zealand PIE wrapper distributed via Clarity Funds Management. The firm additionally provides bespoke separate global equity accounts and long-short mandates for clients with specific constraints, subject to minimum sizes. Nanuk is a UN PRI signatory and holds RIAA Responsible Investment Leader certification, and its flagship fund carries 2024 Recommended ratings from Lonsec and Zenith.

The business model is classic asset management: management fees charged on approximately AUD 1.16bn of pooled AUM, distributed through ASX listings, a $50,000-minimum direct application channel, financial adviser networks, and major Australian wrap platforms (Hub24, Netwealth, Macquarie Wrap, AMP North, BT Panorama, Mason Stevens, Praemium, MLC, etc.) plus New Zealand platforms (Apex, FNZ, NZXWT). Operations are lean, with 1-10 employees, an outsourced unit registry (Automic Group), Equity Trustees Limited as Responsible Entity, and a research-driven process supported by quantitative screening tools rather than disclosed AI/ML. Revenue is therefore concentrated in two pooled vehicles tied to one sustainability thesis, and the firm has no external parent, no funding rounds and no disclosed revenue figure.

Name

Nanuk Asset Management

Legal name

Nanuk Asset Management Pty Limited

Website

https://nanukasset.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Nanuk Asset Management is a privately held Sydney boutique founded in 2009 that runs actively managed global equity funds (NNUK, NNWH) themed on environmental sustainability, distributed to Australian wholesale and New Zealand investors via ASX listings, adviser platforms and direct applications.

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: Generates revenue through management fees charged on assets under management in the Nanuk New World Fund and Nanuk New World Fund (Currency Hedged). Management fee of 1.10% for the Currency Hedged class.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Nanuk Asset Management is an Australian boutique fund manager that invests global equity portfolios around the theme of environmental sustainability and resource efficiency. It sells pooled fund products — the Nanuk New World Fund (Unhedged, ASX: NNUK) and the Nanuk New World Fund (Currency Hedged, ASX: NNWH) — and provides bespoke separate accounts and long-short strategies to wholesale and professional investors.

Product overview

Nanuk Asset Management offers a focused suite of actively managed global equity funds aligned with environmental sustainability and resource efficiency trends. The core offering consists of the Nanuk New World Fund (unhedged, ASX listed ticker NNUK) and the Nanuk New World Fund (Currency Hedged) (ASX listed ticker NNWH), both investing in listed global equities that benefit from or contribute to improved sustainability. A New Zealand PIE wrapper is available via Clarity Funds Management. Additionally, the firm offers bespoke separate global equity accounts and bespoke long-short global equity strategies for clients with specific constraints, subject to minimum portfolio sizes. The firm is a signatory to the UN Principles for Responsible Investment and holds Responsible Investment Certification for its flagship fund.

Differentiator

Problem solved

Functional benefit

Brands

• Nanuk New World Fund: Actively managed global equities fund investing in companies aligned with global trends towards greater environmental sustainability and resource efficiency.
• Nanuk New World Fund (Currency Hedged)
• Nanuk New World Active PIE (NZ)

Products and services

• Nanuk New World Fund (Unhedged) Pooled fund investing in global equities selected for environmental sustainability and resource efficiency characteristics; available to wholesale and professional investors via the ASX.
• Nanuk New World Fund (Currency Hedged) Currency-hedged pooled fund investing in global equities around the environmental sustainability and resource efficiency theme; available to wholesale and professional investors via the ASX.
• Bespoke Separate Accounts Customized mandates applying Nanuk's environmental sustainability and resource efficiency global equity approach for wholesale and professional clients requiring tailored portfolio parameters.
• Long-Short Equity Strategies Long-short equity strategies implementing Nanuk's environmental sustainability and resource efficiency investment thesis, offered to eligible wholesale and professional clients.

Quantifiable outcome

• Since inception return of 14.0% p.a. vs MSCI ACWI return of 11.9% p.a., providing 2.1% value added since November 2015
• +1 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Automic GroupcoreImplementation/ SI/ Consulting PartnerAutomic Group provides unit registry services including processing of applications, redemptions, distributions, and maintenance of unitholder records. They operate the online investor portal for Nanuk fund investors.
• Clarity Funds ManagementminorChannel Partner/ Reseller/ DistributorProvides the Nanuk New World Active PIE option for New Zealand investors, offering the fund through a Portfolio Investment Entity structure on platforms including Apex, FNZ, and NZXWT.
• United Nations Principles for Responsible Investment (UN PRI)coreOthersNanuk is a signatory to the UN Principles for Responsible Investment, demonstrating commitment to responsible investment practices and ESG integration.
• Responsible Investment Association Australasia (RIAA)coreOthersNanuk New World Fund is certified by RIAA as a Responsible Investment according to strict operational and disclosure practices required under the Responsible Investment Certification Program.
• Equity Trustees LimitedcoreImplementation/ SI/ Consulting PartnerEquity Trustees Limited (EQT) is the Responsible Entity for the Nanuk New World Fund. EQT holds an Australian Financial Services Licence (AFSL 240975) and is a subsidiary of EQT Holdings Limited, a publicly listed company on ASX (ASX: EQT).

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Platinum Asset Management: Australian boutique active global equities manager (ASX: PTM). Directly comparable to Nanuk as a similarly-sized Australian boutique running an active global equity strategy with ASX-listed fund vehicles.
• Antipodes Partners: Australian boutique active global equities manager (ASX: APL). Closely comparable to Nanuk given similar boutique scale, global equity mandate, ASX-listed fund structure, and adviser-led distribution.
• Magellan Asset Management: Australian global equities boutique (now MFG Asset Management). Highly comparable as an Australian-headquartered boutique running concentrated active global equity strategies distributed via ASX listings and adviser platforms.
• Australian Ethical Investment: Australian sustainability-focused asset manager (ASX: AEF). Directly comparable to Nanuk given shared ESG/sustainability investment thesis, ASX-listed fund structure, and Australian wholesale/adviser distribution focus.
• WCM Investment Management: US-based boutique active global quality growth equity manager with significant Australian distribution. Comparable to Nanuk in its concentrated active global equity approach, quality-growth bias, and ESG-aware investment process.
• Hyperion Asset Management: Australian boutique active global growth equities manager. Comparable to Nanuk given similar boutique scale, concentrated active global equity strategy, long-term investment horizon, and Australian adviser-led distribution.

Broad incumbents

• Perpetual Investment Management: Large Australian incumbent asset manager (now part of Perpetual Limited). Broadly comparable to Nanuk as a large-scale Australian asset manager offering active global equities alongside a wider fund suite, but at materially larger AUM scale.
• Capital Group: Large global active asset manager with established Australian wholesale presence. Comparable to Nanuk as an active global equities manager but operating at materially greater scale with a multi-strategy product suite.

Emerging players

• Loftus Peak: Smaller Australian boutique active global equities manager. Comparable to Nanuk as a boutique active global equities manager with thematic (disruption/technology) exposure and Australian wholesale distribution.

Regional players

• BetaShares: Leading Australian ETF provider with a growing suite of ESG/sustainability ETFs. Adjacent peer to Nanuk given overlapping ESG investment universe and Australian adviser/platform distribution, though competing primarily via passive low-cost ETFs rather than active management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nanukassetmgt
• LinkedInlinkedin.com/company/nanuk-asset-management-pty-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nanuk Asset Management