POWERED BY MOMENTUM MEDIA
Former Soc Gen exec to lead Angelo Gordon’s insto development
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.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
