What Bentham Asset Management does

Bentham Asset Management is a Sydney-based boutique investment manager specialising in global fixed interest and credit markets. Established in 2010 by the Asia Pacific team of Credit Suisse's Credit Investments Group, the firm operates a suite of six credit-focused funds spanning asset-backed securities, syndicated loans, high yield bonds, investment grade credit, and multi-sector global credit strategies, with combined assets under management of approximately A$7.5 billion. The Global Income Fund leads at A$3.95 billion, followed by the Syndicated Loan Fund at approximately A$2.33 billion; the High Yield, Asset Backed Securities and Global Opportunities Funds each sit in the A$260-580 million range, and the Defensive Income Fund is actively marketed alongside the core suite. The investment process is systematic, combining top-down sector allocation with bottom-up security selection, supported by what the firm describes as market-leading risk portfolio systems and daily marked-to-market pricing across all funds. The Wholesale High Yield Fund and Wholesale Syndicated Loan Fund are sub-advised by the Credit Investments Group of UBS Asset Management.

The revenue model centres on recurring management fees earned on fund AUM, with funds structured as Australian managed investment schemes under Fidante Partners as responsible entity. Distribution is executed through a multi-channel architecture: Fidante Partners handles registry and issuer responsibilities; more than 30 wrap and platform partners (AMP, Asgard, BT Panorama, Macquarie Wrap, Netwealth, MLC, HUB24 and others) provide adviser-led access to retail and wholesale clients; ASX mFund enables direct settlement-based access; and The Investment Store provides New Zealand wholesale coverage. FY26 target distribution rates range from 4.50% to 6.70% across the fund suite. Customer segmentation is horizontal across wholesale investors (as defined under the Corporations Act 2001), financial advisers and intermediaries, institutional investors and consultants, and retail investors accessing funds via wrap platforms with minimum investments starting at A$10,000.

The firm has accumulated over 30 industry awards across Morningstar, Lonsec, Money Magazine, Financial Standard, Research IP and Zenith, with the Global Income Fund achieving consecutive recognitions in 2022, 2023 and 2024 across both Australian and New Zealand markets. Bentham is a signatory to the UN Principles for Responsible Investment, holds AFSL 356199, and operates from Level 12, 179 Elizabeth Street, Sydney.

Name

Bentham Asset Management

Legal name

Bentham Asset Management Pty Limited

Website

https://benthamam.com.au

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Bentham Asset Management is a Sydney-based boutique credit investment manager operating six global fixed income funds with approximately A$7.5 billion in assets under management, serving wholesale, institutional and advised retail investors across Australia and New Zealand through Fidante Partners.

Ownership category

akta.pro rank

Product category

Credit & Fixed Income Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Asset-Backed Securities (6189)

akta.pro primary industry

Multi-Sector / Total Return Fixed Income (FSAAAHAJ)

akta.pro secondary industry

Fixed Income Mutual Funds (FSAAAEAB)

Keywords

• Global credit investment
• Fixed income funds
• High yield bonds
• Syndicated loans
• Asset backed securities

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Bentham Asset Management Pty Limited acts as investment manager for funds where Fidante Partners is the responsible entity. The firm earns management fees from the funds it manages, including Bentham Global Income Fund, Bentham Syndicated Loan Fund, Bentham High Yield Fund, Bentham Asset Backed Securities Fund, Bentham Defensive Income Fund, and Bentham Global Opportunities Fund.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Bentham Asset Management is a specialist global fixed interest and credit investment manager that actively manages six high-yielding credit funds offering wholesale and retail investors diversified exposure to global credit markets, including syndicated loans, US high yield bonds, asset backed securities, investment grade credit, and multi-sector credit. The funds deliver regular monthly or quarterly income distributions with daily marked-to-market pricing and are designed for income generation and capital preservation.

Product overview

Bentham Asset Management is a specialist global credit investment manager offering a suite of six distinct investment funds. The core product portfolio includes the Asset Backed Securities Fund, Defensive Income Fund, Global Income Fund, Global Opportunities Fund, Syndicated Loan Fund, and High Yield Fund. These funds collectively provide exposure to global credit markets including asset backed securities, investment grade credit, high yield bonds, and syndicated loans. Most funds target monthly or quarterly income distributions and are designed for investors seeking diversified fixed income exposure beyond domestic markets. The funds operate as Australian-domiciled trusts with Fidante Partners as the responsible entity.

Differentiator

Problem solved

Functional benefit

Products and services

• Bentham High Yield Fund Diversified exposure to the US high yield bond market, actively managed to generate higher income than traditional fixed income investments with quarterly distributions, AUD hedging and daily unit pricing; sub-advised by the Credit Investments Group of UBS Asset Management.
• Bentham Global Income Fund Diversified exposure to domestic and global credit markets, actively managed to generate stable investment income with monthly distributions and potential for capital growth; minimum $10,000 initial investment.
• Bentham Syndicated Loan Fund Diversified exposure to the US senior secured loan market (syndicated loans), offering high running yield with low interest rate risk and daily unit pricing; sub-advised by the Credit Investments Group of UBS Asset Management.
• Bentham Defensive Income Fund Diversified exposure to domestic and global investment grade credit markets with a focus on managing downside volatility, targeting monthly income distributions and capital preservation.
• Bentham Global Opportunities Fund Diversified exposure to global credit markets with an opportunistic investment approach, featuring flexibility to adapt credit and cash exposure across market cycles with quarterly distributions; offered in Retail and Wholesale unit classes.
• Bentham Asset Backed Securities Fund Exposure to global investment grade asset backed securities with a minimum 90% allocation to investment grade issues, targeting monthly income distributions and capital preservation.

Quantifiable outcome

• Bentham Syndicated Loan Fund has delivered regular income for 20+ years (established 2004)
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• ASX mFundminorChannel Partner/ Reseller/ Distributor · 1 January 2014Bentham became a Foundation Member of ASX mFund in 2014. ASX classes of Global Income Fund and Syndicated Loan Fund are available via ASX mFund settlement service. High Yield Fund was added to mFund in 2015.
• Fidante PartnerscoreChannel Partner/ Reseller/ Distributor · 1 January 2010Fidante Partners Services Limited or Fidante Partners Limited is the responsible entity of Bentham's Funds. Fidante issues units in the Funds and is legally responsible to unitholders for their operation. A related entity of Fidante holds a partial equity stake in Bentham. Fidante provides investor services, registry services via Boardroom, and distributes through 30+ wrap platforms.
• UBS Asset Management - Credit Investments Group (CIG)coreTechnology or IntegrationThe Bentham Wholesale High Yield Fund and Bentham Wholesale Syndicated Loan Fund are currently sub-advised by the Credit Investments Group of UBS Asset Management, an SEC Registered Investment Advisor. CIG invests in diversified portfolios of non-investment grade credit strategies including senior secured loans, high yield bonds and rated tranches of CLOs. CIG is a business unit of UBS Asset Management, an indirect wholly owned subsidiary of UBS Group AG.
• The Investment Store (NZ)minorChannel Partner/ Reseller/ DistributorThe Investment Store is a specialist third party funds wholesale marketing business based in New Zealand, wholly owned by Clarity (FSP174204). They are Bentham's appointed marketer to financial intermediaries (Wholesale Clients) in New Zealand.
• UN Principles for Responsible Investment (UN PRI)minorStrategic or Co-development PartnerBentham is a signatory of the United Nations-backed Principles for Responsible Investment. Bentham integrates ESG factors into its credit research process and engages with issuers on ESG themes.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Insight Investment: Global fixed income and multi-sector credit manager with strong institutional and wholesale capability. Comparable in delivering multi-sector credit strategies with mark-to-market daily pricing.
• Ardea Investment Management: Australian specialist fixed income manager offering multi-sector credit and inflation-linked strategies. Comparable investment approach and target market to Bentham.
• Western Asset Management: Global specialist fixed income manager with multi-sector credit capabilities. Comparable in delivering global fixed interest and credit strategies to institutional and wholesale clients.
• Coolabah Capital Investments: Australian boutique active credit manager offering multi-sector credit strategies and fixed income funds targeting retail and wholesale investors via adviser platforms. Closely comparable to Bentham in scale, strategy mix, and Australian distribution model.
• Kapstream Capital: Australian multi-sector fixed interest manager offering absolute return and unconstrained fixed income strategies. Direct comparable in credit/fixed income specialization and adviser-led distribution.

Broad incumbents

• Janus Henderson Investors: Global asset manager with substantial fixed income and credit franchise. Notable comparable because Bentham's Director of Distribution previously worked there, and Kapstream is part of its group.
• Perpetual Limited: Australian diversified asset manager with a credit and fixed income franchise. Comparable in Australian adviser distribution but offers equities and broader asset classes beyond credit.
• Macquarie Asset Management: Large Australian/global asset manager with credit and fixed income capabilities. Comparable in Australian distribution footprint but offers broader multi-asset products.
• PIMCO: One of the world's largest fixed income managers with broad multi-sector credit funds. Comparable in product offering but operates at much larger scale with broader mandate than Bentham.

Emerging players

• PineBridge Investments: Global multi-asset manager with credit and fixed income strategies. Some overlap with Bentham in multi-sector credit and global income products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bentham-asset-management

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

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 Bentham Asset Management