Portfolio manager, Mike Younger, has left REST Super after five years as in its Australian equities small caps team, joining Prime Value Asset Management as a senior portfolio manager.
With more than 20 years’ experience in Australian equities with a particular focus on small cap stocks, Younger had previously held roles as executive director and head of small cap and mid cap research at Goldman Sachs and was director and head of emerging growth research at Citigroup Australia.
Prime Value Asset Management chief executive, Yak Yong Quek, said Younger would bring great research ability and portfolio management experience to the investment team.
“We continue to invest in our client offering; Prime Value Asset Management now has a dozen experienced portfolio managers with a strong track record, and excellent teamwork built around our high performing culture emphasising risk management,” Yong Quek said.
“Demand for our small-cap funds continues to grow, performance has been consistently strong, and Mike will help us to take it to the next level.”
Younger would work closely with Richard Ivers, portfolio manager for small-cap strategies, who said he had known Younger for many years.
“He is a talented and experienced small cap stock picker, and will be a fantastic addition to our team,” Ivers said.