Manny Pohl’s ECP Asset Management (ECPAM) has secured its third institutional mandate from wholesale superannuation funds, and appointed Sam Byrnes to the newly created role of investment analyst.
Mr Byrnes joins ECPAM after eight years with Bell Potter Securities, where his most recent position was as an institutional equities research analyst. His appointment follows a period of rapid growth for the firm
“ECPAM has now been awarded three Australian equities mandates since it was established three years ago, and its Australian equity and small cap LICs are all top quartile performers,” Dr Pohl said.
“With three institutional mandates from wholesale superannuation funds, the company has decided to soft close the ECPAM Ex50 fund although capacity remains in the ECPAM ALL Cap fund.
“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.”
There has been substantial interest in the ECPAM investment strategy from institutional investors for a number of reasons, including the current performance and Dr Pohl’s previous success with building an investment management process and business at Hyperion Asset Management.
“The capital preservation characteristic of the strategy – which was particularly apparent during the GFC – is attractive, as is the bottom up, benchmark agnostic, high conviction focused investment approach to quality, growth companies,” Dr Pohl said.
ECPAM has approximately $600m in assets under management and ratings from the major asset consultants.
In his new role as investment analyst, Sam Byrnes joins the current investment team based in Sydney. Dr Pohl said Mr Byrnes’s experience as an equities research analyst and particularly in small and mid-cap companies makes him a good fit for the firm and the ECPAM approach to portfolio management.
“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 Byrnes is a Chartered Financial Analyst and has a Bachelor of Commerce (Accounting & Finance) from the University of Wollongong.
ECP Asset Management was established to invest its own funds together with those of its institutional and sophisticated clients in profitable, high quality, Australian listed (or dual listed) growth companies.
It is a long term, long only, high conviction growth equities manager that looks to achieve above benchmark returns over a three year investment horizon.
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Phone: 0417 470 421