Acadian appoints portfolio management and research head
Acadian Asset Management has appointed Suhail Mehra, an ex-portfolio manager from Macquarie Funds Group, as their vice president of portfolio management and research.
The investment management firm, based in Boston, said Mehra would work in their Australian investment team in Sydney, with a focus on portfolio management for a number of Acadian's long-only and long-short strategies.
Acadian Australia chief executive officer, Andrew Hair, said they were confident in Mehra's expertise, as he would be able to "contribute significantly to the firm and to the investment solutions" they provide.
Hair said Mehra's role would also involve research into alpha signals, risk modelling, portfolio construction and tax effective-income strategies.
The hire of Mehra "signals our growing position in the Australian market and is a broader recognition of the opportunities available to Acadian in Australia", he said
Mehra "has a strong quantitative background but importantly, possess a sound understanding of stock fundamentals. He also has a wealth of experience in tax-effective investment, an area of significant importance," Hair said.
Mehra was also previously a quantitative analyst with Macquarie Funds Group and Citigroup in Sydney.
Recommended for you
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.
Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks.
The latest monthly Bank of America global fund manager survey has found investors are starting to shift cash into bonds as cash allocations reach a three-year low.
AUSIEX analysis has discovered the net traded value of Australian dollar fixed income ETFs more than doubled from January to April, reflecting growing investor demand.
