Macquarie Funds Management changes
Macquarie Funds Management has moved to reassure the market about the stability of its equities team in the wake of the announced departure of Geoff Wells.
Macquarie confirmed Wells’ departure as senior equities portfolio manager today explaining he was leaving after 12 years to take up a new challenge.
Confirming the move, head of Macquarie Funds Management Equities Patrick Hodgens said the funds management team remained experienced and stable.
He said Wells represented the first senior departure from the equities team in more than five years.
Hodgens said that as a result of Wells departure, Suhail Mehra had been promoted to portfolio manager and that, additionally, two new senior portfolio managers, Bruce Apted and Tuan Luu, would be joining the team in August.
AUTHOR
Mike Taylor
Recommended for you
Russell Investments has partnered with financial advice firm Invest Blue to launch a managed portfolio offering to deliver broader private market access for Australian advised investors.
Franklin Templeton has continued the review of its fixed-income fund range, with multiple changes announced across 15 funds, including several management fee reductions.
Insignia Financial has reported net inflows of $448 million into its asset management division in the latest quarter, as well as popularity from advisers for its MLC managed accounts.
With ASIC questioning the dominance of research houses when it comes to retail usage of private market funds, a research house has shared how its ranking process sits alongside ASIC’s priorities.
