MFS Financial Services has appointed Richard Keary, the well-known alternatives manager, to the new position of chief investment officer of its MFS Alternative Investments subsidiary.
Keary, the former head of alternatives at BT Financial, was a former currency manager and funds management marketer before establishing what has become the $1.5 billion hedge funds of funds business at BT. MFS, which started life as a Gold Coast property development company, has strategic stakes in several alternatives managers, including HFA, Vantage Asset Management and, most recently, Fortitude Capital. Richard Lourey, MFS Alternative Investments chief executive, said yesterday that Keary’s appointment was indicative of the firm’s commitment to grow its funds under management, product suite and interests in Australian hedge funds. Keary will be based in Sydney.
17 April 2007 00:00
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Investments
Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
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