HIGH CONVICTION FUND MANAGER ENTERS AUSTRALIAN MARKET

Altair Asset Management (Altair) today announced the launch of its Australian equities business. Altair is a high conviction fund manager offering investment options designed to meet the financial needs of clients at different life stages.

The Altair investment philosophy is based on understanding a range of “change factors” and how they might impact a company or industry, says Altair’s Managing Director and Chief Investment Officer, Philip Parker.

“We believe that understanding prospective change and the pace at which it is likely to occur permits the capture of investment opportunities. Possibilities arise from companies that drive or embrace change, in addition to those that may suffer negative impacts,” Mr Parker said.

“The key is being able to recognise when the market has miscalculated the extent or timing of the change and has mispriced its influence.”

Altair uses its industry knowledge and broad networks to filter and assess which companies are most likely to benefit from change.

Altair has assembled a team of experienced investment professionals from various corporate backgrounds, rich in experience and ideas. They include Managing Director and Chief Investment Officer Philip Parker; Head of Research and Process David Langford; and Chief Economic Advisor Stephen Roberts.

Mr Parker was a co-founder and principal of Hunter Hall in the early nineties and then established his own private client wealth management business - Parker Asset Management - in 2000. Altair has evolved from the success of Parker Asset Management, to now offer managed portfolios and managed funds to self managed super funds, adviser dealer groups and institutions as well as the existing clients, comprising individuals and family offices.

Altair’s investment product suite - designed to meet the life stage needs of their clients – includes an Income Strategy focused on delivering income generating outcomes for investors; and its Advantage Strategy, a concentrated portfolio of actively managed Australian shares.

Mr Parker says the private wealth management success and long term client relationship experience, together with broad institutional investment experience, provides institutional rigour while retaining the personalised wealth service that has been the hallmark of his business for over a decade.

“The combination of private wealth management and an institutional process is unique, and a different skill set to that provided by many smaller fund managers that are formed through break-away teams from large investment houses,” Mr Parker concluded.