Two Allan Gray portfolio managers depart

Two Allan Gray portfolio managers depart

Allan Gray Australia’s funds management team is being restructured to accommodate the departure of co-deputy portfolio manager Dan Abeshouse and investment analyst Anna Lopatnikova.


Portfolio manager Simon Mawhinney, who currently manages 72.5 per cent of Allan Gray's Australia Equity A fund, will take over the responsibility for the 13.75 per cent 'sleeve' that was previously managed by Dan Abeshouse.

Mr Mawhinney will share responsibility for Mr Abeshouse's portfolio with co-deputy portfolio manager Suhas Nayak, who is responsible for the remaining 13.75 per cent of the fund.

A Morningstar analyst note on the departure of Mr Abeshouse and Ms Lopatnikova said "we believe there will not be material negative effects at Allan Gray".

Two new analysts have already been hired to fill the vacancies: James Lee (who will commence on 1 June 2017) and Gitendra Pradhananga (who will start on 3 July 2017).

"Lee has most recently been a professional staff member of the University of Sydney, and Pradhananga has been working as a site and project engineer for a construction company," said the Morningstar note.

Morningstar is maintaining its 'neutral' rating on Allan Grey Australia Equity.

Read more:

DomaCom heads to court for SMSF ruling

AFA appoints policy and professionalism manager 

AMP Capital adds to global infrastructure team

‘Retrograde’ US condemned on climate change

Bennelong sets up first UK boutique

 

Two Allan Gray portfolio managers depart
investordaily image
ID logo
promoted stories

Appointments

investordaily image

AMP names incoming chief risk officer

Jessica Yun

investordaily image

Antares Equities hires new director

Staff Reporter

Brad Fox

Former AFA CEO appointed to boutique board

Staff Reporter

Analysis

investordaily image

Warning lights flashing on Aussie equities

Roy Maslen

investordaily image

What’s in store for the economy in 2018?

Frank Uhlenbruch

ST Wong

Busting common passive investing myths

ST Wong