ECP Asset Management (ECPAM) has secured an institutional mandate from wholesale superannuation funds.
The firm's chief executive, Manny Pohl said ECPAM now had three Australian equities mandates since it was established three years ago.
"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," Pohl said.
"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."
ECPAM has also appointed Sam Byrnes to the newly created role of investment analyst, following the firm's period of rapid growth.
Byrnes was most recently an institutional equities research analyst at Bell Potter Securities.
"Sam's experience in equities sell-side research means he is well placed to help implement ECP's bottom up investment philosophy," Pohl said.
"As a bottom up stock picker, Sam's skills in identifying quality, growth companies with solid fundamentals are well developed."
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
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