IOOF appoints fixed interest PM

15 December 2016
| By Hope William-Smith |
image
image
expand image

IOOF has appointed former Western Asset Management employee, Osvaldo Acosta, to its newly created role of portfolio manager of fixed interest.

Acosta has worked across portfolios including core fixed interest and global mandates, and previously held positions at Australian Unity and with Westfield Group. Acosta would be based in the Melbourne IOOF office.

IOOF chief investment officer, Steve Merlicek, said: "Osvaldo will be a great addition in this space with significant experience in both cash and fixed interest".

"The appointment reflects IOOF's increased funds under management in this area and the need to split the management of cash and fixed income portfolios."

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

3 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

4 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
5
Plato Global Alpha A
28.73 3 y p.a(%)