Concord Capital has hired analysts previously with Paradice Investment Management and Aberdeen Asset Management to build it a small caps portfolio.
Matthew Booker, who was co-head of small caps at Credit Suisse Asset Management prior to a short stint at Paradice, is currently constructing a new trust for Concord in partnership with Justin Farley. Formerly a small cap analyst with Deutsche Asset Management, Farley and the rest of that team – Sinclair Currie and Dawn Kanelleas – left following the takeover by Aberdeen Asset Management in June 2007. Concord Capital’s chairman, Richard Douglas, was unavailable for comment at presstime. Meanwhile, Ausbil Dexia and Souls Funds Management were yesterday announced as investment managers for a new Mariner Financial fund, the Small Companies Recovery Fund. Mariner executive chair, Bill Ireland, said the fund hoped to “;benefit from recovery in the small companies market following the significant volatility and sell-down over the last six months”;.
Hedge Funds
Funds hooked on equity and bonds need sophistication in alternatives: Mercer’s Nuzum
The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.
Hedge Funds
China consumption story trumps US trade concerns
This year’s single-best trade was Chinese mid-cap semiconductor and tech stocks, according to UBS O’Connor's Kevin Russell. This illustrates how China’s domestic consumption economy allows it to combat any trade wars with the US.
Hedge Funds
Alternative strategies in the eye of the storm: Sunsuper’s Bruce Tomlinson
While Sunsuper's access to cash and public market meant its alternatives allocations weren't tapped for liquidity to facilitate early release payments, Tomlinson said he could take advantage of some more liquid ‘hedge fund-type’ investments during tumbling markets.
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