Hunter Hall expands investment team
Hunter Hall Investment Managementhas undergone a staff reshuffle with the appointment of a new chief investment officer and the resignation of one investment analyst and director.
Former international equities analyst with Principal Global Investors (PGI), Kim Tracey, has been appointed chief investment officer at Hunter Hall and will report to chairman and group investment manager Peter Hall.
This comes as investment analyst and director Fred Woollard resigned, with his 900,000 options in Hunter Hall to be cancelled.
Tracey will be responsible for managing the investment team, including the overall stock research process, peer review process, portfolio construction, and some individual stock analysis.
Hall says he anticipates the appointment of a chief investment officer will deepen the risk management process and improve the risk/return profile of its portfolios, and will allow him to spend more time on stock picking.
In her previous three year stint with PGI, Tracey was responsible for evaluating and recommending investments in the European industrial and insurance sectors for international funds.
Prior to this she spent nine years with Westfarmers, where she was responsible for developing detailed financial models and evaluating and recommending various acquisitions and developments.
As part of Tracey’s remuneration, she will be granted 300,000 options in Hunter Hall International, exercisable at $4 each in five equal tranches over the next five years.
The Hunter Hall investment team now consists of nine portfolio managers, analysts and consultants.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
