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
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.
Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.
