Agriculture portfolio manager appointed
Warakirri Asset Management has appointed Steve Jarrott as portfolio manager for its agriculture fund.
Launched in May 2019, the Diversified Agriculture Fund owns investment grade Australian agricultural assets for the primary purpose of partnering or leasing to high quality agricultural businesses, the fund said.
The frim said it was targeting investment opportunities across a range of sectors including wine and table grapes, citrus, nuts, berries, summer and tropical fruits, and agricultural infrastructure. It also forecast total net returns within the 10 to 12% range.
Jarrott would be responsible for leading the fund, including supporting further capital raising efforts, strategy refinement and implementation, asset acquisitions and portfolio management.
The firm’s head of cropping and diversified agriculture, Adrian Goonan said: “Steve is an experience portfolio manager, highly skilled in investment strategy and asset allocation, deal origination and negotiations, valuation and analysis and portfolio management”.
Jarrott was most recently a portfolio manager at Westchester – the agriculture investment arm of the US based TIAA-Nuveen Group.
Recommended for you
Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend.
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.