Boutique Australian equities manager Prime Value Asset Management has appointed Shih Thin Wong as a portfolio manager.
"We now can boast a formidable team of three experienced senior portfolio managers who have each individually performed the role of CIO," said Quek.
"There will always be a demand for managers who can prove their value as stockpickers."
Taking a purely passive investment approach is leaving many investors at risk of heightened valuation risks, Allan Gray and Orbis Investments have cautioned.
Annual trimmed mean inflation saw a slight spike in April, according to data from the ABS.
Active managers say that today’s market volatility and dislocation are creating a fertile ground for selective stock picking, reinforcing their case against so-called “closet indexers”.
Platform leaders admit they’re operating under constant pressure and a persistent “state of paranoia” to keep pace with technology that is reshaping how clients access and interact with their wealth.