Ardea Investment Management has announced the appointment of its co-founder and head of portfolio implementation and client relationships, Stephen Clout, to its chief executive role.
At the same time, he would continue to oversee the portfolio implementation and would be supported by chief operating officer, Tracey Kellett, who joined Ardea from Fidante’s parent company in February.
The chairman and chief investment officer of fixed income specialist, Ben Alexander, said that Clout would provide the firm with operational and strategic leadership needed its next stage of growth.
“Stephen knows our business well, having helped found it more than 10 years ago. He also has deep, extensive relationships with our clients and is already very well-known and respected by the team,” he said.
The top performing real outcome strategies from Ardea, which has over $11 billion in funds under management, included the unlisted unit trust Ardea Real Outcome Fund (ARO), as well as the ASX listed ActiveX Ardea Real Outcome Bond Fund (XARO), which was launched with Fidante Partners in 2018.