Hunter Hall adds to institutional team
Listed boutique equities manager Hunter Hall has announced the appointment of Phillip Hart to its institutional team.
Hart joins Simon Bridger and Weibin Ge as part of the Australian equities fund (AEF) team, established in July 2013.
As head of institutional, Hart will focus on maintaining existing relationships and building new business in the institutional market.
He has 17 years experience in business development within the investment management industry, most recently with Legg Mason and Constellation Capital.
The AEF has had a 14.3 per cent return since starting last year.
"Now that the fund is well established, the time was right to secure an outstanding head of institutional to manage the relationships with our wholesale clients and grow the distribution capacity," said Hunter Hall CEO David Deverall.
Hunter Hall announced last year it would close two of its retail fund offerings after posting a net profit after tax of $4.8 million for the financial year to 30 June 2013.
Profit was 32 per cent lower than the 2011-12 financial year, with the group's funds under management falling 11 per cent to $1.1 billion at 30 June 2013.
In his first report as CEO, Deverall said Hunter Hall would launch an AEF covering the ASX300, which would also look at delivering a higher Environmental, Social and Governance (ESG) score than the benchmark.
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