Colonial First State Global Asset Management (CFSGAM) has appointed portfolio manager Tal Lomnitzer to co-manage the Global Resources Long Short Fund.
Lomnitzer will manage the fund with portfolio manager Todd Warren, and will join the global resources team in CFSGAM's London office. He will also contribute to the stock selection process for the company's long-only funds.
CFSGAM head of global resources Dr Joanne Warner said the appointment of Lomnitzer would enhance the team's investment strategy and give it "greater depth and coverage across all funds".
"Tal has 13 years experience in buy-side global resources and investment. He brings extensive knowledge in both long and short investing strategies within global resources equities," she said.
Lomnitzer comes to CFSGAM from the Merchant Global Resources Fund, which he founded and managed. Before that he managed global long/short resources and energy funds at NewSmith Capital and ORN Capital.
"Tal's location in London, working alongside analyst Pet Campbell, will improve the team's real-life coverage of the UK, European and North American markets which are critical to our global investment philosophy," Warner said.
The major changes to the proposed $3 million super tax legislation have been welcomed across the superannuation industry.
In holding the cash rate steady in September, the RBA has judged that policy remains restrictive even as housing and credit growth gather pace.
A new report warns super funds must rethink retirement readiness as older Australians use super savings to pay off housing debt.
An Australian superannuation delegation will visit the UK this month to explore investment opportunities and support local economic growth, job creation, and long-term investment.