Appointment aimed at lifting investment opportunities
By
Christine St Anne Thu 22 Jul 2010
Advance Asset Management has internally restructured its team, appointing a manager dedicated to tactical asset allocation.
Investment firm Advance Asset Management has appointed James Kerr to the newly-created job of tactical asset allocation (TAA) portfolio manager.
Kerr will focus on developing Advance's TAA processes with the aim of building a risk framework around tactical positioning.
He will use tactical views around market direction and relative value.
In the job, he will work with portfolio managers in Advance's strategy and quantitative research division.
"The creation of this role is a reflection of the need to recognise that the environment we are operating in is likely to remain volatile," the firm said in a statement.
"Devoting more resources to our TAA process will not only increase our investment opportunities, it will more importantly assist us in managing risk, which is a key component of the Advance philosophy."
Kerr has worked previously in manager research, strategy review and portfolio implementation for Advance's multi-manager domestic listed property funds.
He joined the firm in 2007 as part of the former St George Investment Solutions business.
In 2008, St George Bank merged with Westpac and the St George Investment Solutions teams combined to become Advance Asset Management.
