ECP Asset Management has received its third institutional investment mandate from the wholesale super sector and has 'soft closed' the ECPAM Ex50 fund.
The superannuation mandate is the third institutional mandate for ECP Asset Management.
ECP Asset Management founder Manny Pohl said the company had decided to 'soft close' the ECPAM Ex50 in the interest of existing clients, but he added that capacity remains in other funds.
“We consider our clients as partners and as such we decided to be conservative and close the Ex50 fund, to be in a position to continue accepting flows from these institutions and maintain appropriate liquidity,” he said.
ECP also announced the appointment of Sam Byrnes to the newly created role of investment analyst.
Mr Byrnes joins ECP after eight years working with Bell Potter Securities, where he held several roles including institutional equities research analyst.
Mr Pohl said Mr Byrnes was a “good fit for the firm” given the time he has spent as an equities research analyst, especially given his dealings with small and mid-cap companies.
“Sam’s experience in equities sell-side research means he is well placed to help implement ECP’s bottom-up investment philosophy.
“As a bottom-up stock picker, Sam’s skills in identifying quality growth companies with solid fundamentals are well developed,” Mr Pohl said.
A 20-year projection of different income levels confirms that lower earning retirees will be hit hardest by the ALPs proposed removal of fra...
The recent suggestions from the Grattan Institute have been labelled as offensive to working Australians by the nation’s largest super fun...
The major bank has argued that the success of retail super funds shouldn’t be measured by investment returns. ...