This year’s top 10 stories included a peek into AustralianSuper’s international equities build out in London, AMP’s move to slash employee benefits, and plenty of hard-hitting analysis of the issues that matter in institutional investment. But the real story is how readers helped shape all of that coverage.
Orbis’ Stuart Place is riding from Melbourne to the Moon and Back to fund a treatment for the “monster of a disease” that his youngest son was born with. The investment industry is rallying behind him.
ECP Asset Management targets institutions
(Pictured: Manny Pohl)
Following the appointment of Andrew Dale to his investment team, and the opening of a Sydney office, ECP Asset Management chairman and chief executive officer, Manny Pohl, is optimistic the fund will sign up its first institutional client by the end of the year.
“As you know, institutional mandates can take a while. You’ve got to get the gatekeepers on board,” Pohl said.
“We’ve pitched to two investment committees. We’re optimistic but you don’t have the money until you have the money.”
Prior to starting up ECP AM, Pohl founded and led Hyperion Asset Management for over 16 years. He launched the new asset management business less than 12 months ago with a small and mid cap ex 50 strategy ie investing outside the ASX50. ECP AM now has $180 million in funds under management, mostly in individually managed accounts (IMAs) and private money.
Pohl said he had been speaking to Andrew Dale for some time before the hire was announced earlier this month.
Dale joined ECP from Macquarie Bank where he was managing director, global natural resources.
Pohl prefers investment managers themselves to visit clients, rather than the traditional client-facing business development managers.
“All funds managers do their own research…All four of us are required to visit the clients and talk to the clients,” Pohl says.
That means meeting clients around once every six months.
“I believe people want to see the funds managers,” Pohl says.
The fund has a 10 per cent investment in a UK-listed listed investment company.
