POWERED BY MOMENTUM MEDIA
ECPAM secures equities mandate
ECP Asset Management (ECPAM) has secured an institutional mandate from wholesale superannuation funds.
The firm's chief executive, Manny Pohl said ECPAM now had three Australian equities mandates since it was established three years ago.
"With three institutional mandates from wholesale superannuation funds, the company has decided to soft close the ECPAM Ex50 fund although capacity remains in the ECPAM ALL Cap fund," Pohl said.
"We consider our clients as partners and as such we decided to be conservative and close the Ex50 fund, to be in a position to continue accepting flows from these institutions and maintain appropriate liquidity."
ECPAM has also appointed Sam Byrnes to the newly created role of investment analyst, following the firm's period of rapid growth.
Byrnes was most recently an institutional equities research analyst at Bell Potter Securities.
"Sam's experience in equities sell-side research means he is well placed to help implement ECP's bottom up investment philosophy," Pohl said.
"As a bottom up stock picker, Sam's skills in identifying quality, growth companies with solid fundamentals are well developed."
Recommended for you
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
