Boutique manager expands team
Australian and global equities boutique fund manager, Alphinity Investment Management has appointed Andrew Grimes to the newly created role of client portfolio manager in response to the firm’s growing institutional and retail client base.
He joined from Winton Capital where he served as director and head of Winton Capital Australia for four years and prior to that he worked as an institutional investment specialist at Platinum Asset Management for five years.
Grimes said that his new role would focus on building close partnerships with Alphinity’s global equity business investors.
Alphinity, which is owned by its staff in conjunction with Fidante Partners, said it delivered consistent returns by identifying opportunities across market cycles and investing in quality, undervalued companies with underestimated forward earnings expectations.
Its four Australian equity funds outperformed their benchmark index since September, 2010 inception to 31 January, 2018 while Alphinity’s Global Equity Fund did the same over the two years since its inception, including returns of 21.4 per cent in 2017, which was eight per cent above the benchmark MSCI World ex Australia Net total return Index (net of fees).
AUTHOR
Oksana Patron
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
