26 September 2012
FOUR has appointed Michael Pinggera to head the multi-strat team and he will be joined immediately by former colleague Paul Zoltowski (Client Relationship Manager). They will be joined by Johan Badenhorst who will focus on trading and risk management.
Mike joins from Insight where he was Head of Multi-Asset Group. Paul brings over 20 years of client experience gained at institutions including Coutts, Merrill Lynch and Credit Suisse. Johan joins the firm from JO Hambro.
The team will launch its first fund on 2nd January. The portfolio will be a diversified growth strategy, with embedded downside protections delivered in a transparent, liquid and low cost fund. FOUR will launch a new sub fund on its existing OEIC structure which will be UCITS IV compliant.
Investments will be made in five strategies that provide directional and non directional exposure. The fund will actively allocate to eight regional and country equity indices to gain directional exposure and to four non-directional or low beta investment themes providing exposure to active alpha, emerging markets, equity alternatives and real assets.
The fund will make use of group active strategies, where deemed appropriate by the multi-strat team and will make use of a wide range of listed instruments and derivatives but will not be structured as a fund-of-funds.
The underlying approach of the multi-strat fund can be adapted to suit a range of different risk profiles and product types to include “Diversified Growth Funds” (DC defaults), a multi-strat hedge fund and target outcome funds (targets can be performance or volatility based).
Derrick Dunne, a founding partner of FOUR, said “We have been very interested in this fast growing space and have spent a good deal of time identifying the right team for us. We are delighted to have attracted such a high profile and experienced team. There is strong demand from clients for high quality multi-strategy portfolios and we believe that the approach employed by Mike has significant differentiators that will be attractive to a wide range of investors.”
Mike Pinggera said “Paul and I are delighted to be reunited at FOUR and are looking forward to continuing our previously successful partnership focussed on client driven investment solutions and service. Johan’s skills will be invaluable for the risk management and delivery of the Fund”.
Mike joins FOUR from Insight Investments where he was head of the Multi-asset group and responsible for the retail multi-asset funds. Prior to Insight Mike spent 20 years at Credit Suisse where he held senior positions, including head of special mandates and head of trusts and charities in the asset management and private banking divisions. As the Head of Multi Asset Class Solutions at Credit Suisse Mike managed a team of 14 with responsibility for £5bn of institutional, private client and retail fund assets.
Paul Zoltowski joins FOUR with 20 years’ client experience in financial services. 17 of these years have been spent as a client relationship manager in private banking with Coutts, Merrill Lynch and more recently 10 years at Credit Suisse where he was a senior client relationship manager. His clients have included business owners, trust funds, companies and pension fund. Paul holds a Business Hons Degree and is qualified to Dip Pfs.
Johan joins FOUR in November 2012. He is an assistant portfolio manager responsible for trading and risk management on FOUR’s multi-strategy portfolios. Prior to joining he worked at J O Hambro Investment Management for 11 years in various roles as Operations Manager, Performance and Risk Analyst and Project Manager where he was responsible for building the derivative infrastructure as well as oversight over market risk and global derivative risk monitoring. He is IAQ qualified, holds the CFA Level 1 and has passed the CISI diploma exam in Financial Derivatives.