New head of equities at Mason Stevens

Independent investment management firm Mason Stevens has announced the appointment of Jack Chemello as head of equities.

Chemello joins the firm from BT where he held a range of senior positions including portfolio manager of the BT Imputation Fund.

In the new role, Chemello will oversee all aspects of developing Mason Steven’s equities business,and will work closely with chief investment officer, Vincent Hua.

“Jack is a highly experienced investment professional with more than 16 years of experience in both domestic and international markets. He brings

first-class investment skills to Mason Stevens,” said Hua.

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Canada establishes new SWF amidst global push for nation-building investment

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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