Industry Funds Management has appointed Angus McLeod as investment director, Australian equities replacing Tony Richard-Preston, and appointed three more investment personnel to its UK office.
McLeod will join IFM on October 1 from Colonial First State where he managed more than $3 billion in Australian equities indexed funds. Richard-Preston moved from Melbourne to Sydney to join IML in a client and researcher relationship focused role, that involves communicating with retail and institutional clients as well as researchers to ensure they are informed of IML’s investment holidngs, portfolio characteristics and views of investment markets. He will work between the invesmtent and marketing teams and reports to IML’s chief executive officer, Tim Hyett. Meanwhile Damian Moloney, chief executive of IFM, said the manager had also appointed three new investment managers in its UK office and had plans to beef that team to nine by the end of the financial year.
18 September 2007 00:00
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Investments
The dispersion between private equity and listed market returns is near the widest in history. For some asset owners, that’s a reason to hold on through the pain – even as the SaaSpocalypse looms in the background.
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