Fidelity, Yarra Capital join Future IM/Pact

Fidelity International and Yarra Capital Management have joined the Mercer-led employee value campaign, Future IM/Pact, aimed at attracting more diverse talent into investing roles.

The fund managers join AustralianSuper, Cbus Super, HESTA, Magellan, NAB Asset Management, Pendal, QIC, Wavestone and Nikko Asset Management.

The campaign has an initial focus on creating opportunities for women to experience how they can solve complex problems and positively impact the world as an investor.

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Anita Costa, portfolio manager at Fidelity International, said the firm was committed to inspiring the next generation of female investors to seek out career opportunities by providing visible role models and sharing their career stories.

Katie Hudson, portfolio manager and head of Australian equities research at Yarra Capital, said she looked forward to mentoring young women through the program.

Mercer’s learning and inclusion practice leader, Yolanda Beattie, said Future IM/Pact had experienced success in its mission to engage young women since its launch in August, and had seen strong interest from women and people from diverse backgrounds.

“The initiative will ramp up next year, with our National Investments Competition to be run in universities across the country in partnership with the University Network of Investing and Trading society. We’re looking forward to placing the competition’s winning team in one of our partners,” she said.

The competition would see gender-balanced teams of four completing a range of investment challenges, with teams mentored by investors during state heats and a national final.

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