Global equities and fixed interest manager PM Capital has appointed Doug Huey as Investment Analyst and Portfolio Manager.
PM Capital Chairman and Chief Investment Officer, Paul Moore, said: “Doug brings over 21 years’ experience in global equities investing to the PM Capital team.
“We’re delighted he has come on board given his wide knowledge, particularly in the technology and communications space. He will add significant expertise in detecting investment anomalies around the world.”
Mr Huey was most recently an Investment Analyst at Platinum Asset Management, a role he held for over 21 years. He covered Asia from 1996-2000, the technology sector globally from 2000-2014 and South East Asia, Korea and Taiwan from 2014 to the present.
Initially, Mr Huey will be concentrating on the information technology, communications services and healthcare sectors for PM Capital.
Mr Moore said: “As a senior member of the investment team, in addition to his sector focus, Doug will contribute broadly across our investment and peer review process.”
Mr Huey said: “PM Capital finds long term anomalies using deep research, then invests with high conviction. This philosophy and process provides the best opportunity the best chance of delivering strong investment returns.
“PM Capital has one of a handful of global funds in Australia that can claim to have navigated long term market cycles. Market experience and instinct matter going forward.”
PM Capital has been managing global equities since 1998.
As at 31 December 2017, PM Capital-managed global mandates ranked first for performance in their Morningstar global equities peer group over 5, 6, 7, 8 and 9 years.*
*Source: Morningstar Direct. As at 31/12/17. The CFS FC-PM Capital Global Companies Fund ranked #1 of its 159-member peer group, the Australia OE Equity World Large Blend, over 5 years. The CFS W PM Capital Global Companies Fund ranked #1 of its 155-member peer group, the Australia OE Equity World Large Blend, over 6,7,8 and 9 years respectively. © 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. This advertisement is issued by PM Capital Limited (AFSL No. 230222) as RE for the PM Capital Global Companies Fund (ARSN 092 434 618, Inception: 28 Oct 1998). The information herein may change without notice, does not constitute advice or a recommendation, and does not take into account the objectives, financial situation or needs of any investor which should be considered before investing. Consider the PDS at www.pmcapital.com.au and seek financial advice prior to making a decision to invest. Past performance is not a reliable guide to future performance. The return of capital is not guaranteed.