Andrew Dale recruited to join Sydney office
1 May 2014;
Boutique Australian equities manager, ECP Asset Management has announced that it has established its national office in Sydney. The top quartile performer has also announced that Andrew Dale will join the investment team as a Portfolio Manager in the new Sydney office.
Chairman and CEO Dr Manny Pohl, said the investments within client’s portfolios were performing strongly and that this was leading to increasing demand.
“We launched our funds management business less than 12 months ago. Our flagship strategy, the ECP AM EX50 strategy, is performing extremely well and our funds under management has been rising steadily. We are very pleased to now welcome Andrew to our team and look forward to the contribution he will bring. The opening of this new office in Sydney is also an important step, as it will allow us to more closely work with our institutional clients in Sydney and Melbourne.”
The ECP AM EX50 strategy has returned 24.8% since inception, against its absolute benchmark return of 5.3%, whilst the S&P/ASX Small Ordinaries Accumulation Index has seen a modest return of 5.4%.
Andrew Dale has 17 years experience in financial services. His most recent position was Managing Director, Global Natural Resources with Macquarie Bank. He has also held analyst positions with ABN Amro and Yahoo, as well as a role with KPMG. Mr Dale has a Bachelor in Accounting and Finance from the University of NSW.
Dr Pohl said the business had further growth plans and additional announcements will be made in this regard in the near future.
About ECP ASSET MANAGEMENT
ECP Asset Management (ACP AM) manages funds on behalf of wholesale investors and has the primary objective of investing in high quality listed companies. We have a distinct philosophy of investing in businesses that fit a certain profile based on profitability, industry position and growth opportunities. Its investment teams have a proven track record of successful investment in both the listed and unlisted markets. The combination of expertise acquired in these areas is a unique feature that differentiates ECP AM from other offerings in the Australian investment arena.