Jana Investment Advisers has made two new appointments as it looks to beef up the services it offers clients.

The consultant has appointed Arthur Roumeliotis to the position of divisional director quantitative strategies and Robert Day as head of unlisted investments. “We really think there is a great opportunity in terms of building portfolios with more efficient alpha and beta,” Ken Marshman, managing director, said. Jana will hold its annual investment conference in Melbourne this week and Marshman said increasing scale in the business had enabled the two new appointments. Clients are also demanding more of their consultants, particularly in the alternate area. “Middle to large sized funds are having these deals come directly to them but they don’t necessarily have the wherewithal to do the due diligence on deals,” Marshman said. Jana clients continued to outperform the average superannuation fund in the last financial year with the average Jana client returning 15.3 per cent compared to the SuperRatings median of 14.5 per cent. Over the three-year period the average Jana client outperformed its peers by 1.5 per cent per annum. “Most of that has come from the tilts we’ve had within asset classes such as small caps and emerging markets,” Marshman said.

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