Milford AM hires portfolio manager
Milford Asset Management has hired Dan Simmonds to its Australian investment team as a global income portfolio manager.
He will work closely with David Lewis, portfolio manager of the $2.6 billion Milford Diversified Income fund.
Simmonds joined from his role as a portfolio manager at a single family office but previously spent seven years at RARE Infrastructure as a portfolio manager and senior investment analyst and at CP2 (Capital Partners).
Milford chief investment officer, Wayne Gentle, said: “We’re excited to welcome someone of Dan’s calibre to the Milford investment team. Milford has a focus on delivering strong long-term investment returns for clients.
“Dan’s expertise in global income securities is essential in a low growth low interest rate environment where clients are demanding stable low-risk income.”
Milford was founded in 2003 and had $7.5 billion in funds under management.
AUTHOR
Laura Dew
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
