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
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
