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 June 2007 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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