A former head of socially responsible investment and institutional salesman at BT Financial Group has taken a newly-created role at Macquarie-owned hedge fund manager, MQ.
Duncan Hodnett will join MQ on July 2 in the role of Australian institutional sales head, reporting to global director of sales James Hall. The appointment would allow Kathy Kovacs, divisional director of Macquarie’s equity markets group, more time to focus on strategic issues according to Hall. “;Kathy had been doing a lot of the talking to super funds but we’ve been looking for an addition to the team for some time,”; Hall said. MQ has about $1 billion under management across products including a multi-strategy fund, an Asian long/short fund and a Japanese market neutral fund. Hall said Hodnett’s business-building experience on the sustainable investing side at BT was attractive.
26/06/2007
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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