Watermark Funds Management grows team



High conviction Australian fund manager, Watermark Funds Management, has appointed Platinum Asset Management's senior investment analyst, Simon Felton, as the firm's new portfolio manager.
Felton would work across all of Watermark's funds and specialise in capital goods, transport and infrastructure.
He worked with Platinum Asset Management for 12 years. Prior to that he worked as a lawyer and specialised in mergers and acquisitions.
Watermark founder and chief investment officer, Justin Braitling, said Simon Felton was a great addition to the team as he had a high calibre of experience.
The fund manager also appointed a new business development manager on the back of increased demand from financial advisers and self-director investors, who were seeking more alternative investments, Watermark said.
Recommended for you
L1 Capital has confirmed it intends to vote against the conversion of the Platinum Capital LIC into a listed ETF, meaning the deal “has a high probability of failing” due to L1’s substantial shareholding.
Betashares is to merge its managed account business with InvestSense to form a purpose-built option for financial advisers, forecasting a positive outlook for future industry growth.
With fund managers using ETFs as a way to reach the adviser market with a diversified product range, Betashares has shared how many ETFs were listed and closed during the first half of 2025.
Platinum Asset Management’s head of investment, Douglas Isles, has departed the fund manager after 12 years as the firm reshapes the business amid a merger with L1 Capital.