22 February 2019

Boutique manager targets more instos

Published by Money Management – 22nd Feb 2019

Boutique fund manager, Prime Value Asset Investment Management, which is aiming to expand its institutional investor client base, has announced the appointment of Peter Murphy, ex-chief executive of Christian Super, to its expanded client services team.

Murphy, who spent more than a decade at Christian Super, during which time the fund managed to enter top quartile growth Australian superannuation funds, has extensive governance experience, including roles on Macquarie’s Cleantech Fund advisory committee and the Australian Committee of the United Nations Principles of Responsible Investment.

Additionally, the fund manager boosted its client services team with the appointment of Andrew Russell as its new relationship manager.

Prime Value said it sharpened its institutional focus after launching several alternative investment options which included enhanced cash, agriculture, infrastructure and mortgage funds.

Prime Value’s chief executive, Yak Yong Quek, said: “Peter Murphy understands institutional investors, he is cut from the same cloth and we think he will be a great asset to Prime Value.

“Andrew will be pivotal in looking after our retail, wholesale and institutional investors and connecting with new investors.”

Prime Value Asset Management is part of an investment group including Shakespeare Property Group which manages more than $1.5 billion across equities, cash plus, direct property and agriculture investment.