Third-party marketer seeks BDM

An Australian funds management third-party marketing firm is looking to hire a business development manager to help expand the business.

I&T News understands Ambassador Funds Management Services is in the process of recruiting a BDM, and is conducting the search itself.

Ambassador’s stable of fund managers includes London-based global emerging markets specialist Charlemagne Capital, mid to large cap equities specialist Altrinsic Global Advisors, New York-based Cohen & Steers, which manages income-oriented equity portfolios, and alternative fixed income strategies manager Highland Capital.

Richard Darke, a partner at Ambassador, declined to comment.

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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.

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