SSGA adds new portfolio manager
State Street Global Advisors (SSGA) has announced an expansion of its Sydney active quantitative equities team with the appointment of new senior portfolio manager, Bruce Apted.
Apted has 24 years of experience in portfolio management and research and has previously worked at a number of financial organisations including Bankers Trust, Macquarie Group, Denning Pryce and Fidante.
SSGA’s head of active quantitative equities Asia Pacific, Tony Warburton, said: “Our aim has always been for our funds to have broad exposure which gives them the ability to participate in economic growth but at the same time may help to smooth out potential market volatility.
“Bruce has very strong credentials in active equities and quantitative investing.
“His most recent work involved developing a benchmark unaware, global equity fund, so his skills are closely aligned to the goals we have for our Australian and global strategies.”
The company’s flagship benchmark unware strategies, the State Street Australian Equity Fund and the State Street Global Equity Fund, saw a growth in assets under management (AUM) of nearly $900 million over the past two years, it said.
AUTHOR
Oksana Patron
Recommended for you
Record flows into iShares ETFs helped BlackRock’s assets under management reach US$13.5 trillion in the third quarter, but it reported outflows from the APAC region.
Regal Partners has passed $20 billion in funds under management, helped by $723 million in net inflows during the last three months.
Global investment manager Fidante has formed a strategic partnership with a London-based asset manager to secure exclusive distribution rights across the APAC region.
Blackwattle Investment Partners has hired a management trio from First Sentier Investors – who departed amid the closure of four investment teams last year – to run its first equity income offering.
