Since the emergence of “Modern Portfolio Theory” and the “Capital Asset Pricing Model” in the late 1960s, institutional investors have taken a quantitatively driven approach to portfolio construction, looking to create portfolio diversification and obtain better risk-adjusted returns by balancing their asset-class exposures. This journey has seen several important advancements in thinking about how to optimally achieve desired results.
Funds that want to take the total portfolio approach first need to get the total portfolio view. To do that they not only need data – and lots of it – but a rock-solid understanding of exactly how they’re going to use it.
Paradice recruits head of distribution
Paradice Investment Management has appointed Stephen Bramley as head of institutional distribution, a new position for the Australian and international small-cap specialist.
Bramley has had a lot of experience in similar roles, most recently as head of distribution for Asia Pacific at Pacific Current Group, which was Australia’s first listed multi-affiliate manager, then known as Treasury Group. It has subsequently expanded into the US, like Paradice.
Prior to his nine years at Pacific Current, promoting a range of Australian and offshore managers, he was head of institutional for Mercer’s investment management arm, and before that a senior business development manager at Russell Investments. He spent 10 years at MLC, including head of sales and service for its implemented consulting business. He started at Paradice in mid-April.
David Paradice, who founded the firm in 1999 and remains its managing director, said: “We have been fortunate to have wonderful clients happy to back new teams that we bring into the business and the emerging markets team are off to a great start for them. Stephen’s appointment will help our distribution efforts on not only this new strategy but the other capabilities we offer clients.”
Paradice has evolved its product line-up over the past two decades, offering strategies in both the Australian and global equities space. The emerging markets equities team, based in San Francisco, will mark its two-year anniversary in May, as will its Australian long/short strategy. Before that the firm launched its global small-cap strategy in 2010.
