Alternative investment-focused institutional fund manager Angelo, Gordon & Co. has appointed former Societe Generale executive Phillip Filippelis to lead the firm’s institutional development in Australia and New Zealand.
Filippelis will be based in the firm’s new Sydney office and will lead the business development and outreach to institutional investors in Australia and New Zealand, the firm announced.
“As part of our efforts to expand our firm’s investor base internationally, we are excited to have Phil join us to lead our expansion in Australia and New Zealand,” said Angelo Gordon chief executive John Angelo.
“Phil’s knowledge of Australian institutional investors and their investment needs makes him a perfect fit for our organisation.”
Filippelis has more than 25 years financial services experience, and most recently worked as head of institutional business in Australia and South East Asia for Societe Generale Asset Management and its affiliate, Trust Company of the West (TCW).
“I’m delighted to join Angelo Gordon, which I feel is a world-class firm with an exciting mix of products that are in demand by institutional investors,” Filippelis said.
Angelo, Gordon & Co. has approximately $23 billion under management and focuses on alternative strategies such as distressed debt, real estate equity and debt, private equity and multi-strategy investing.
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.