Boutique fund manager, Constellation Capital Management has bolstered its profile with the addition of former Ban-kers Trust director Olev Rahn to its board.
Rahn’s appointment comes at a time when Constellation is starting to show up on the radar screens of super funds.
Constellation began in 1999 and launched its first pooled product, the Constellation Australian Equities Fund, in 2001.
The manager says it uses a distinctive risk controlled value investment approach when managing Australian equities. In the year to June, 2003, the Constellation Australian equities fund outperformed the benchmark ASX/S&P 300 index by about 4 per cent.
Constellation investment manager Richard Morris says of its performance: “Our risk controlled value investment process incorporates some innovations designed to smooth out the delivery of the value performance premium. For example, we implemented our ‘continuous size’ approach to managing ‘size risk’ in October 2000 which has had a significant impact on reducing tracking error.”
