Portfolio Partners today announced the retirement of Director, Investment Strategy, Mr David Slack. In this role, Slack undertook equity research and mentored the company’s team of investment analysts.
Portfolio Partners today announced the retirement of Director, Investment Strategy Mr David Slack. In this role, Slack undertook equity research and mentored the company’s team of investment analysts.
According to Managing Director of Portfolio Partners Craig Bingham, Slack had played a pivotal role with Portfolio Partners since co-founding the company in 1994.
"David has been instrumental in building Portfolio Partners into a highly regarded Australian investment management company, and in managing its transition from a successful boutique fund manager to part of a global financial services group," he said.
Slack said he was pleased to have been part of a successful team that was delivering solid returns for investors. "Having worked closely with the investment team over the past year, I am delighted with the strong performance across our entire range of investment products."
With a gross return of 13.6%, the Portfolio Partners Australian Equities Trust returned 13.6% over the 12 months to the end of December 2001, outperforming the benchmark S&P/ASX 200 Accumulation Index by 3.2%. In addition, the Portfolio Partners High Growth Shares Trust returned 23.7% over the same period compared with 10.4% from the S&P/ASX 200.
"The depth and quality of the investment team are now being reflected in performance across the range of our products, and I am very confident that under Craig Bingham’s leadership Portfolio Partners will continue to go from strength to strength," Slack added.
One of the original members of the Portfolio Partners team, Slack co-founded the company in 1994 and was Joint Managing Director until June 2001. He has a total of 25 years’ experience in funds management and is a high profile figure in the industry.
Background:
- Portfolio Partners is wholly owned by Norwich Union Australia, a member of the international CGNU plc group. CGNU plc was created in May 2000 from the merger of UK companies CGU plc and Norwich Union plc. With market capitalisation of $60 billion, CGNU is among the largest 20 companies listed on the UK stock exchange and has offices in 29 countries.
- CGNU manages assets in excess of $600 billion, and is ranked the number one life insurer in the United Kingdom and the world's sixth largest insurance group.
- Portfolio Partners has evolved from a specialist investment manager to a multi-product manager with a firm focus on playing an active role in CGNU’s global strategy of building a world class fund management business.
- Portfolio Partners provides active funds management services to both institutional and retail clients. Its institutional clients include a variety of public, corporate and industry funds. With approximately $10b in funds under management – primarily in the areas of Australian equities, fixed interest and balanced funds – Portfolio Partners is an organisation with a wide range of investment management skills and strong commitment to providing clients with innovative products and dependable investment growth.
Craig Bingham and David Slack are available for interview
For further enquiries:
Fiona Baker
Head of Marketing Communications
Portfolio Partners
Telephone: 03 9220 0327
Mobile: 0401 147 955