Allfunds, Waystone

, an international wealth management platform, has partnered with Waystone, a global provider of governance, administration, risk and compliance services for asset managers.

As part of the pact, Allfunds’ management company (ManCo) vehicles will switch to Waystone.

Waystone oversees more than $450 billion in assets and employs 1,800 professionals. Among its services, the firm provides white-label exchange-traded funds platform solutions across Ireland and Luxembourg.

Under the terms of the agreement, the management activities of the existing Allfunds Manco for the different Luxembourg and Ireland-based investment vehicles will transition to Waystone, subject to regulatory approvals.

Thornburg, Boden Capital

 has launched a new investment capability, led by Nick Kirrage, who joined the firm in October 2025 as partner and portfolio manager, having previously been head of global value for Schroders.

The new investment proposition comprises two strategies: 

Global Value Select (global opportunity set); and International Value Select (same process, excluding the US). 

A Global Value Select UCITS fund will follow in the coming weeks, Brown Advisory said in a statement.

Kirrage argues that the opportunity set for disciplined value investors is unusually broad today: global markets show a wide gap between the most expensive and cheapest stocks after years of narrow leadership, while many attractively valued companies now generate strong cash flows and return capital, “paying us to wait” and potentially lowering risk.