Boutique incubator Pinnacle Investment Management has recruited the director of retail sales from Schroder Investment Management to its Sydney office.
Adrian Whittingham began work at Pinnacle earlier this month as a director of distribution and client relationships, representing four boutiques part-owned by the incubator: Resolution Capital, a listed property trust manager; Solaris Investment Management and Plato Investment Management, both Australian equities shops; and infrastructure manager Palisade Investment Partners. The appointment follows the hiring of former Legg Mason distribution agent Andrew Chambers last month, who works on behalf of the same four boutiques in Melbourne. Ian Macoun, the managing director of Pinnacle, said Whittingham’s experience in both institutional and retail businesses were helpful. Before his six-year tenure at Schroders, Whittingham worked as a business development manager and research analyst at Zurich. Prior to this, he was with AMP. Schroders refused to comment about its procedure for replacing Whittingham.
Future Fund chief investment officer Ben Samild said that FY24 has been a great year for alpha creation, thanks to strong returns in equities and, unusually, across multiple hedge fund strategies all at the same time. He reflected the past few years have been “a difficult time to be an asset owner and to generate positive returns for risk assets” but the Future Fund is tracking well of its long-term mandate.
Simon Hoyle and Darcy SongSeptember 4, 2024
