Ardea expands its team
Fixed income specialist, Ardea Investment Management has appointed Gopi Karunakaran as its new portfolio manager, fixed income strategies.
Karunakaran has more than 15 years’ experience in credit and relative value fixed income investing and joined Ardea from Saka capital in Singapore where he spent four years as a fixed income portfolio manager.
Prior to that, he worked for eight years as a portfolio manager and trader at Moore Capital, Tricadia Capital and Deutsche Bank in London.
Ardea has also announced the appointment of Harry Singh, Dealing and Compliance.
Ardea’s principal and co-founder, Ben Alexander, said: “Ardea’s new appointments ensure that we are well resourced to extend our track record of actively managing defensive fixed income portfolios that exceed return targets, while prioritising liquidity and capital preservation.”
The company said the move would allow it to strengthen a team in order to help drive growth from both institutional client business and retail advisers.
Ardea has been managing the following funds:
- Wholesale Australian Inflation Linked Bond
- Ardea Real outcome
- Ardea Premier Australian Inflation Linked Bond
- Ardea Real Outcome Plus
Recommended for you
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
AllianceBernstein has announced its chief investment officer and Australian equity manager Roy Maslen is to step down from the firm at the end of the year.
Pinnacle Investment Management has announced it plans to launch a new affiliate from a global equities team departing Royal London Asset Management.
Asset manager Nuveen is seeing opportunity in municipal bonds which are at their highest yields in over a decade.
