AQR Australia has appointed former van Eyk head of distribution, Michael Angwin, to the role of national distribution manager.
Angwin will be based in Sydney and his appointment represented an important milestone in AQR’s strategy to introduce institutional-grade alternative strategies directly to Australian financial advisors and their clients, AQR Capital Management stated.
AQR Australia head of wholesale Simon Wills said Angwin would lead in AQR’s effort to develop strong relationships with a select number of financial advisory groups, initially utilising the AQR Wholesale DELTA Fund as its flagship offering with the intention of gradually introducing other alternative strategies, such as the AQR Wholesale Managed Futures Fund.
DELTA was launched in September 2009 and has since raised over $100 million of assets from Australian institutional investors. Following adviser demand the fund was added to the investment menu of several wrap platforms, most recently Macquarie Wrap and ASGARD, AQR stated.
