On Thursday, the Melbourne-based boutique fund manager confirmed the appointment of Mason Willoughby-Thomas who will report to managing director and lead portfolio manager of the small cap-focused fund, Callum Burns.
“With substantial experience in asset management, Mason is an excellent fit both culturally and from an investment philosophy perspective,” Mr Burns said.
“He has a proven track record in being able to achieve strong returns and understands the demands of a retail client base.
“His appointment places the ICE Investors team in a very strong position to continue to deliver superior investment performance for our clients.”
Mr Willoughby-Thomas most recently worked as senior co-portfolio manager of Ausbil Investment Management’s small and microcap funds and has previously held positions at companies including Australian Ethical Investment, ING and AMP.
Mr Burns added that the appointment comes at an opportune time for the small-cap sector, with specific industries poised for strong growth.
“Companies connected to pharmaceutical distribution, cloud software, online services and food are likely to do well as the economy reopens,” he said.
“We’ll be continuing to focus on franchise companies with a durable competitive advantage, organic growth opportunities, appropriate debt levels and strong cash flow generation.”
