After Geoff Wells finishes up with Macquarie Funds Management after 12 years this month, he will join a shop full of his quantitative analysis colleagues.
Wells will join GMO Australia as a senior research analyst, reporting to new head of Australian equities, Rick Suvak. Suvak said GMO did not comment informally on personnel matters, but confirmed he had been opportunistically seeking senior investment research and implementation staff. Last September, GMO lost head of Australian equities Max Cappetta and head of equities research Anthony Corr, who joined with erstwhile GMO colleague (via MIR Investments) Brett McElwee to form an Ascalon-backed boutique, Continuum. Wells, who among other achievements at Macquarie helped develop Australia’s first ‘no MER’ indexing product in True Index, has been replaced by a promoted Suhail Mehra.
17/06/2008
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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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