POWERED BY MOMENTUM MEDIA
Private Portfolio Managers targets IMA offering with new appointment
Sydney-based Private Portfolio Managers (PPM) has added to its portfolio management team with the appointment of Ian Hardy, who will specialise in bespoke individually managed accounts (IMAs).
Hardy makes the move from Centric Portfolio Managers, the IMA division of Centric Wealth, where he held the role of chief investment officer and oversaw $300 million in funds under management.
PPM director Hugh MacNally said Hardy's investment philosophy was closely aligned with PPM's, and involved adopting a long-term approach and selecting a small number of exceptional companies.
"This long-term approach has resulted in a cumulative outperformance of the benchmarks by over 178 per cent after fees since inception for PPM's growth managed accounts," MacNally said.
Hardy also worked at Halliday Financial group before it was acquired by Centric Wealth. He developed the IMA offering of both companies.
"Combined with our 15-year track record in managing IMAs, Ian's experience will ensure PPM remains a leader in managed accounts and servicing the investment management needs of successful individuals, families and charities," MacNally said.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
