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
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
L1 Capital, which is in talks to merge with Platinum Asset Management, has indicated it will be voting against a deal to convert a Platinum LIC into an ETF.
Evidentia Group has hired a head of quantitative investments who joins the investment firm and managed account provider from AMP.
Fidelity International has worked in tandem with Australian wealth manager Emanuel Whybourne & Loehr to launch an actively managed global equities strategy aimed at financial advisers.
