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.
BT fills top sales role
(Pictured: Chris Clayton)
BT Investment Management has filled the role of head of sales and marketing, vacated last year by Martin Franc, with the recruitment of the similarly experienced Chris Clayton from National Australia Bank.
The move was announced last Friday, together with the recruitment of Hayden King from FuturePlus as chief operating officer.
Clayton had been head of asset management, sales, at NAB for just under a year. Prior to that he spent more than six years at Acadian Asset Management building that business as its first full-time Australian representative. He has had other institutional business development roles at Colonial First State stretching back to 2001.
King also spent several years at Colonial First State before his FuturePlus role and also at MLC.
Franc left BTIM, based in Sydney, last August to take up the Melbourne-based role of chief executive at Invesco Ltd. Franc had been associated with BT for much of his career, starting in 1994.
