Former Magellan senior analyst joins Fairlight AM
Small and mid-cap fund manager, Fairlight Asset Management, has appointed Abbey Cook as portfolio manager.
A former senior investment analyst at Magellan Financial Group for almost four years, Cook worked on the development of a long/short fund at the firm prior to her departure.
Fairlight portfolio manager and partner, Nick Cregan, describes it as a “real coup” to have secured her services.
“We are delighted to welcome Abbey to the Fairlight team as we continue to build out our fund strategies and consolidate on the recent strong performance of our flagship Global Small & Mid Cap Fund,” he said.
“Abbey is an experienced, high-calibre portfolio manager with a long track record of investment success.
“We look forward to the valuable contribution she will no doubt make as our firm continues to grow.”
Fairlight, an employee-owned boutique firm distributed by Perennial Partners, has a team of seven investment specialists.
Cook brings two decades of experience to the role, managing listed equities from Sydney, San Francisco and New York, including a decade investing in global markets.
Prior to Magellan, she spent almost five years as a senior global investment analyst at Perpetual.
She has also held analyst roles at Wavestone Capital, VGI Partners and JP Morgan.
Cook’s departure follows a number of senior people moves from Magellan in recent months. Vihari Ross, former head of research, joined Antipodes as a portfolio manager back in March, and more recently, head of ESG, Dom Giuliano, also stepped down from the role.
In July, Magellan appointed Andrew Formica, former co-chief executive of Janus Henderson, to its board as a non-executive director as well as its audit and risk committee and remuneration and nominations committee.
His appointment brings the total Magellan Financial Group board members to seven, including chief executive and chief investment officer, David George.
AUTHOR
Rhea Nath
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
