A First Sentier-owned equities firm has grown its team as it seeks to add scale to the business, with the addition of a new senior quantitative portfolio manager.
Realindex has hired Dr Ron Guido to the newly formed role. He has joined the company from his most recent role as head of research at RF Capital and before that, held senior roles at global managers including BlackRock and State Street Global Advisors.
He was also chief investment officer at Callisto Asset Management, a portfolio manager and senior quantitative analyst at Fidelity, a quantitative analyst of asset and liability management at CBA and a lecturer for the School of Banking and Finance at the University of New South Wales.
With Dr Guido’s appointment, Realindex’s team has grown to 14 staff, including 11 investment professionals.
Chief executive Andrew Francis he was “delighted to welcome someone of Ron’s calibre to the team”.
“He’s a highly experienced investment professional who will add significant portfolio management and research skills to the business,” Mr Francis said.
“For over a decade, Ron has worked in the field of systematic equity strategies for some of the largest institutional asset managers in the world.”
Realindex has also indicated it will be reducing the buy-sell spreads and management fees of the retail Class A funds it manages.
Management fees for some funds will be reduced by up to 13 basis points.
Mr Francis said the decreased fees are the result of the business growing in scale, with it deciding to pass on cost savings to clients.
“It supports the competitive positioning of our products in the marketplace and demonstrates our commitment to clients, even in the face of market headwinds created by COVID-19,” he said.
As at 31 March, Realindex was managing $26.7 billion in assets under management.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].