Boutique fixed interest managers Kapstream Capital and Vianova Asset Management have added senior resources.
Kapstream has forged a strategic alliance with Kanangra Ratings Advisory Service, the new company of former Moody’s senior credit analyst, David Howell. Kapstream founder Kumar Palghat said Howell’s ratings experience would help it assess credit opportunities across all sectors and markets. The $350 million manager continues to search for a replacement for senior trader Steve Mackie, who left for Citi in April. Meanwhile Vianova Asset Management has expanded with the hire of Andrew McLachlan as credit strategist. McLachlan was previously senior credit analyst in Perennial Investment Partners’ fixed interest team, where he was responsible for creating and building in-house credit risk models and individual security analysis.
5 August 2008 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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