Dundas Global Investors
Dundas Global Investors is an employee-owned Edinburgh-based investment management firm focused exclusively on global equities through a single dividend-growth philosophy. It serves professional investors, intermediaries, and institutional clients across the UK, USA, Australia, and New Zealand via third-party distribution.
- Company typePrivate
- Founded2010
- HeadquartersEdinburgh, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Dundas Global Investors does
Dundas Global Investors, operating as Dundas Partners LLP, is an employee-owned investment management firm headquartered in Edinburgh, Scotland, founded in 2010. The firm focuses exclusively on global equities through a single dividend-growth investment philosophy, operating a centralized in-house research process that is independent of external sell-side opinion and maintained in a proprietary library spanning more than a decade of company insights. The firm manages a focused product set including the UK-domiciled Heriot Global Fund (an OEIC launched on 20 March 2013 holding approximately 60 listed global equities and benchmarked against the MSCI All Country World Index), the now-closed Heriot Global Smaller Companies Fund, the Australia/New Zealand-domiciled Apostle Dundas Global Equity Fund, and a family of US-based international equity ADR strategies.
The business model is fee-based revenue generated on assets under management across UK OEIC, US, Australian, and New Zealand fund vehicles. Distribution is conducted entirely through third-party intermediaries: Waystone Management (UK) Limited serves as Authorised Corporate Director for the Heriot Investment Funds, LGBR Capital provides UK distribution to wealth managers and IFAs, and Apostle Funds Management handles Australian and New Zealand distribution. The firm's funds are accessible through 20+ UK investment platforms including 7IM, abrdn, Aegon, AJ Bell, Allfunds, Aviva, Fidelity, Hargreaves Lansdown, and Interactive Investor. The firm holds regulatory registrations with the UK Financial Conduct Authority, Australian Securities and Investment Commission, and US Securities and Exchange Commission, and is a signatory to the UK Stewardship Code and UN Principles for Responsible Investment, with GIPS verification as of 30 September 2025. Target client segments are professional investors (wealth managers, IFAs, stockbrokers, accountants), high-net-worth individuals, and institutional investors (charities, foundations, endowments) seeking long-term capital appreciation with defensive dividend-growth characteristics.
Dundas Global Investors firmographics
Firmographics- Name
- Dundas Global Investors
- Legal name
- Dundas Partners LLP
- Website
- https://dundasglobal.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Dundas Global Investors is an employee-owned Edinburgh-based investment management firm focused exclusively on global equities through a single dividend-growth philosophy. It serves professional investors, intermediaries, and institutional clients across the UK, USA, Australia, and New Zealand via third-party distribution.
- Ownership category
- akta.pro rank
Dundas Global Investors industry classification
Industry- Product category
- Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Open-End Investment Funds (52591)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Global/International & Emerging Markets Mutual Funds (FSAAAEAK)
- akta.pro secondary industries
- International/Ex-U.S. Developed Equity (Active) (FSAAAIAE), Large-Cap Equity (Active) (FSAAAIAA), Private Client/High-Net-Worth Advisory (FSAEAAAN)
Keywords
Where Dundas Global Investors is headquartered
LocationHeadquarters
- HQ city
- Edinburgh
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Dundas Global Investors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Investment Management Fees: Dundas Global Investors generates revenue through investment management fees charged on assets under management across its fund range, which includes UK-domiciled funds (Heriot Global Fund, Heriot Global Smaller Companies Fund), US strategies, and Australia/New Zealand funds distributed through Apostle Funds Management.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Dundas Global Investors product offering
Product offeringCore offering
Dundas Global Investors is an employee-owned investment management firm that manages global equity portfolios for professional and institutional clients, focused exclusively on companies with consistent dividend growth. It sells a focused range of regulated funds — UK-domiciled OEICs (Heriot Global Fund, Heriot Global Smaller Companies Fund), US-based international equity ADR strategies, and Australia/New Zealand funds — earning revenue through investment management fees charged on assets under management.
Product overview
Dundas Global Investors is an employee-owned investment management firm offering a focused portfolio of global equity funds following a single dividend growth philosophy. The core products include the Heriot Global Fund (UK OEIC, launched 2013, approximately 60 stocks), the now-closed Heriot Global Smaller Companies Fund, the Apostle Dundas Global Equity Fund (Australia/New Zealand), and various US-based international equity ADR strategies. All funds follow the same investment discipline of selecting companies with robust dividend growth characteristics, managed by the same investment team based in Edinburgh.
Differentiator
Problem solved
Functional benefit
Products and services
- Heriot Global Fund A UK-domiciled OEIC global equity fund investing in approximately 60 listed global equities with a focus on dividend growth companies. Aims to provide capital appreciation over the long term (five years or more) and is benchmarked against the MSCI All Country World Index. For professional investors accessing Dundas' dividend growth strategy via UK distribution partners.
- Heriot Global Smaller Companies Fund A UK-domiciled OEIC global equity fund focused on smaller companies with strong dividend growth potential. The fund is now closed, with a termination letter available to existing investors explaining the closure and impacts.
- Apostle Dundas Global Equity Fund An Australia and New Zealand domiciled global equity fund following Dundas's dividend growth philosophy, distributed through Apostle Funds Management to investors and advisers in those markets.
- Dundas Global Equity Growth Composite A US-based international equity strategy focused on dividend growth companies, run as a composite for US institutional and adviser clients.
- Dundas International Equity ADR Growth (20 stock) A US-based ADR growth strategy holding approximately 20 stocks of international equities, focused on dividend growth via American Depositary Receipts.
- Dundas International Equity ADR Growth (25-40 stocks) A US-based ADR growth strategy holding 25-40 stocks of international equities, focused on dividend growth via American Depositary Receipts with a broader universe than the 20-stock variant.
Quantifiable outcome
- Dividends comprise 80% of total return over 10-year periods, demonstrating dividend growth as the dominant force in long-term equity returns
Companies that use Dundas Global Investors
Customer profileSegments3 records
Ideal customer profiles3 records
Dundas Global Investors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Dundas Global Investors partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Waystone Management (UK) LimitedcoreServes as Authorised Corporate Director (ACD) for the Heriot Investment Funds, handling fund administration, compliance oversight, and investor services for the UK-domiciled OEIC funds.
- LGBR CapitalcoreUK-based distributor for Heriot Global Fund and Heriot Global Smaller Companies Fund, providing investor relations and sales support to wealth managers, IFAs, and professional investors.
- Apostle Funds ManagementcoreAustralian and New Zealand distributor for the Apostle Dundas Global Equity Fund, managing distribution relationships with local investors and financial advisers in those markets.
- Future AssetminorMember of Future Asset, an organization supporting diversity and inclusion in the asset management industry.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
Dundas Global Investors competitors and assessment
Company assessmentDirect peers
- EdenTree Investment Management: UK-based responsible investment manager with dividend-focused equity strategies distributed via UK platforms. Closely comparable income/dividend orientation and UK intermediary distribution footprint.
- Harding Loevner: US-based global equity manager with a quality-growth, fundamentals-driven process and strong stewardship credentials. Closest comparable to Dundas's dividend-growth philosophy and US/UK institutional reach.
- Tweedy, Browne: Long-standing global value/dividend-oriented manager with a buy-and-hold philosophy. Highly comparable investment discipline to Dundas's dividend-growth focus and long-term orientation.
- Amati Global Investors: Edinburgh-based boutique active equity manager; recent Dundas hire Hamish Galt joined from Amati. Comparable boutique scale and active equity focus, with overlap in UK professional-investor distribution.
- Brown Advisory: US-headquartered independent active manager with global and international equity strategies built on fundamental research. Comparable employee-owned structure and quality-focused global equity process.
- Walter Scott & Partners: Edinburgh-based, employee-owned global equity manager with a long-term, fundamentals-driven philosophy. Highly comparable to Dundas in location, ownership structure and global active equity focus; founded by Alan McFarlane's former employer.
Broad incumbents
- Lazard Asset Management: Large global asset manager offering fundamental global and international equity strategies. Comparable institutional client base and global equity coverage, but at materially larger scale than Dundas.
- Baillie Gifford: Large Edinburgh-based active global equity manager with multiple strategies. Comparable geography and active global equity orientation, but materially larger and broader in product range than Dundas.
- abrdn (Aberdeen Asset Management): Edinburgh-headquartered global asset manager offering global and regional equity funds. Shares location and active global equity franchise; Andrew Brown's 18-year tenure there makes it a direct talent and strategy peer.
Regional players
- Rathbone Investment Management: UK-focused discretionary and fund manager serving private clients and intermediaries with multi-asset and global equity capabilities. Comparable UK IFA and wealth-manager distribution model to Dundas.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Dundas Global Investors social profiles
Digital presenceDundas Global Investors compliance and trust
Trust signalCompliance6 records
Dundas Global Investors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dundas Global Investors leadership team
Management profileNumber of profiles
Profiles10 records
Dundas Global Investors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dundas Global Investors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dundas Global Investors
What does Dundas Global Investors do?
Dundas Global Investors is an employee-owned investment management firm that manages global equity portfolios for professional and institutional clients, focused exclusively on companies with consistent dividend growth. It sells a focused range of regulated funds — UK-domiciled OEICs (Heriot Global Fund, Heriot Global Smaller Companies Fund), US-based international equity ADR strategies, and Australia/New Zealand funds — earning revenue through investment management fees charged on assets under management.
Is Dundas Global Investors a public or private company?
Dundas Global Investors is a private company. It is classified as management employee owned and is currently operating.
When was Dundas Global Investors founded?
Dundas Global Investors was founded in 2010. It employs 11 to 50 people.
Where is Dundas Global Investors based?
Dundas Global Investors is headquartered in Edinburgh, United Kingdom, in the Europe region.
How does Dundas Global Investors make money?
One revenue line is on record: investment Management Fees.
Who are Dundas Global Investors's main competitors?
Direct peers on record are EdenTree Investment Management, Harding Loevner, Tweedy, Browne, Amati Global Investors, Brown Advisory and Walter Scott & Partners. Broad incumbents are Lazard Asset Management, Baillie Gifford and abrdn (Aberdeen Asset Management). Rathbone Investment Management is listed as a regional player.
Does Dundas Global Investors have an API?
No public API is recorded for Dundas Global Investors.
What industry is Dundas Global Investors in?
Dundas Global Investors's product category is Investment Management. Its primary akta.pro industry code is FSAAAEAK, Global/International & Emerging Markets Mutual Funds, with a secondary code of FSAAAIAE, International/Ex-U.S. Developed Equity (Active). Its NAICS code is 523940 and its SIC code is 6282.