Ardea expands its team
Fixed income specialist, Ardea Investment Management has appointed Gopi Karunakaran as its new portfolio manager, fixed income strategies.
Karunakaran has more than 15 years’ experience in credit and relative value fixed income investing and joined Ardea from Saka capital in Singapore where he spent four years as a fixed income portfolio manager.
Prior to that, he worked for eight years as a portfolio manager and trader at Moore Capital, Tricadia Capital and Deutsche Bank in London.
Ardea has also announced the appointment of Harry Singh, Dealing and Compliance.
Ardea’s principal and co-founder, Ben Alexander, said: “Ardea’s new appointments ensure that we are well resourced to extend our track record of actively managing defensive fixed income portfolios that exceed return targets, while prioritising liquidity and capital preservation.”
The company said the move would allow it to strengthen a team in order to help drive growth from both institutional client business and retail advisers.
Ardea has been managing the following funds:
- Wholesale Australian Inflation Linked Bond
- Ardea Real outcome
- Ardea Premier Australian Inflation Linked Bond
- Ardea Real Outcome Plus
Recommended for you
A hiring spree is expected in private markets with 90 per cent of firms expecting to maintain or increase their headcount over the next 12 months, according to Preqin.
Abrdn Investments has hired a new global chief executive as Rene Buehlmann steps down after less than two years, it also announced a new senior leadership structure.
Having received bids from Bell Financial Group and AxiCorp, trading platform Selfwealth has confirmed it has entered into a scheme implementation deed after both parties were invited to make a higher bid.
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.