Bennelong continues putting band back together

It’s taken eighteen months, but the Bennelong Australian Equity Partners (BAEP) boutique has added a sixth former ING Investment Managment staffer to its ranks.

The boutique, which is backed the Bennelong Group, yesterday announced the appointment of Kieran Sisson as a senior analyst, commencing with the group in mid-February.

At ING Investment Management, Sisson had been responsible for stock coverage across healthcare, non-bank financials, and insurance sectors. He had previously held responsibility for small resources, building materials, telecommunications, infrastructure and utilities, but has also covered a range of other sectors over his career, which has included positions with Allianz Asset Management, State Street Global Advisors and Mercury Asset Management.

Sisson worked with BAEP CEO Paul Cuddy and CIO Mark East for over five years during their tenure at ING IM.

BAEP was established in July 2008 as a joint venture between Bennelong Funds Management, Cuddy and East. BFM has attracted retail and institutional inflows and currently has more than $1.7 billion in funds under management, although interestingly none of that has come from transitions out of ING IM.

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AustralianSuper pares back bonds in favour of growth assets

The $410 billion AustralianSuper has been dialling back its fixed income allocation in favour of growth assets as it positions for a “constructive” economic environment, but the asset class remains a critical portfolio stabiliser and an important tool in complementing the fund’s risk objectives. Head of fixed income and currency Katie Dean talks scale and internalisation advantages.

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