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.
Mulligan takes up Netwealth board spot
(pictured: Kate Mulligan)
Kate Mulligan, the chief executive of the investment industry legal services firm King Irving Consulting, has joined the board of the wealth management firm Netwealth, increasing the number of independents on the board to three.
Netwealth is one of the largest privately owned wealth management and advisory companies. It is controlled by the Heine family.
The company’s chair is Jane Tongs, a former partner at PwC. The other independent director is Davyd Lewis, a former partner at Mallesons Stephen Jaques. The managing director is Michael Heine.
Mulligan is a former managing director of the boutique multi-manager All Star and Ventura Funds Management and, before that, managing director of Advance Asset Management.
