Investors Mutual departee heads north

The Queensland Investment Corporation has completed the replenishment of its small caps team with a hire out of Investors Mutual.

Peter Moller will join QIC from mid-August as a small cap analyst, providing stock analysis and recommendations to the QIC Active Small Companies Fund. That fund has been managed by Stuart Jordan (ex-Deutsche Asset Management) since June, following the departure of QIC’s small cap portfolio manager Michael Dee to set up his own boutique. Moller is effectively a replacement for senior analyst Paul Xavier, who left to work with Dee. Prior to Investors Mutual, Moller worked at CommSec, GE Capital and PM Capital. The head of QIC’s internal Australian equities team, Simon Hudson, said Moller’s appointment made the small caps team complete.

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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