Industry funds-backed, IFM Investors has moved to bolster its Active Large Cap Equity capabilities with nine new hires.
The fund manager announced this week it had hired nine equity investment professionals to join its listed equities division.
Confirming the hires, IFM Investors chief executive, Brett Himbury said the new equities capacity increased the company's overall investment capabilities, particularly with respect to Asia by filling a gap in the current offerings.
"This is a transformational opportunity for IFM Investors," he said. "In announcing this active equity expansion we are further able to meet investor demand for good-value core equity exposure, including being able to now offer Asian Active Equities to clients."
Further, Himbury said that by expanding IFM Investors' active equities capability into large caps, it could assist with well-priced high-quality products in a low yield environment.
IFM Investors will be offering Australian Long-Only Active Equity, Australian Long-Short Equity and Asia Long-Short Market Neutral capabilities. The Active Large Cap Equity team will be headed by Lachlan Davis and will report to Neil Carter, Executive Director, Active Equities. They will be located in Sydney alongside IFM Investors' Small Caps equity team.