Altair opens its doors in Australia
Altair Asset Management has launched its Australian equities business, with former Hunter Hall principal Philip Parker taking on the role of managing director and chief investment officer.
After leaving Hunter Hall, Parker went on to establish his own private wealth management business, Parker Asset Management, in 2000.
Since expanding its product offering to meet life-stage needs, Altair offers managed portfolios and managed funds to self-managed super funds, adviser dealer groups and institutions, as well as existing private clients and family offices.
According to Parker, the high conviction manager focuses on understanding a range of change factors and how they may impact a company or industry.
“We believe that understanding perspective change and the pace at which it is likely to occur permits the capture of investment opportunities,” he said.
“Possibilities arise from companies that drive or embrace change, in addition to those that may suffer negative impacts.”
Along with Parker, Altair also has on board head of research and process David Langford, formerly ING Investment Management’s head of research - Australian equities, and chief economic advisor Stephen Roberts, chief economist for Laminar Group.
Parker said the combination of private wealth management and an institutional process is unique to a smaller fund manager.
Recommended for you
Betashares chief executive, Alex Vynokur, has said that the firm is focused on financial advisers “more than ever” as it grows the business, having announced a merger with managed account provider InvestSense.
L1 Capital has confirmed it intends to vote against the conversion of the Platinum Capital LIC into a listed ETF, meaning the deal “has a high probability of failing” due to L1’s substantial shareholding.
Pinnacle Investment Management has continued its focus on international expansion with the appointment of a managing director from T. Rowe Price.
Financial research firm Wealth Data, which publishes the weekly financial adviser numbers, has been sold to fintech firm Padua Solutions.
