Titanium Asset Management (TAM) has appointed Paul Stanley as a senior portfolio manager.
Stanley will be responsible for the firm's long/short fund, the TAM ASX 200 All Weather Fund, in partnership with Titanium chief investment officer Peter Rice.
He was previously a portfolio manager for UBS Global Asset Management, where he was in charge of the UBS Australian Equity Income Fund, a fund that was based on UBS DSI's quantitative investment methodology, but ran an Australian overlay. He left UBS in 2008.
In September last year, Titanium was in a stoush with research house Standard & Poor's over the All Weather Fund, after S&P said it was unsuitable for retail investors.
S&P said the manager lacked the necessary infrastructure and personnel consistent with a retail offering.
But according to Titanium chief operating officer Andrew Blanchette, the appointment of Stanley had opened up new avenues and the fund had now received an investment grade rating from CPG Research & Advisory.
"Despite not behaving as a true absolute return strategy in all market conditions, we consider it most appropriate where an investor has already assigned part of the portfolio to alternatives," the research house said.
"An allocation as part of equity strategies may also be appropriate provided the lack of correlation is clearly understood and the investor is not benchmarking returns to the ASX indices."
