Ashburton, the Jersey-based active investment managers, have expanded their European Equities team with the appointment of Investment Manager, Veronika Pechlaner (pictured).
Veronika joined Ashburton in April from the London office of Goldman Sachs, where she worked as European Research Analyst, specialising in media equities. She currently supports Richard Robinson, lead Investment Manager of the Ashburton European Equity Fund.
The move to expand the team follows a successful year for Ashburton’s European Equities desk, which saw the firm win the mandate to manage the European Alpha Fund for Nordea, a leading financial services group in the Nordic and Baltic region. Performance of the Ashburton European Equity Fund has also been exceptional, returning 135.85% over 5 years, outperforming its MSCI benchmark by 103.4%*.
Peter Bourne, Managing Director of Ashburton, comments: “We are delighted with Veronika’s appointment, which further strengthens the European Equities team. Veronika brings with her a wealth of expertise and investment knowledge, enhancing our ability to drive success in Europe and continue to generate strong, long-term investment returns for our clients.”
Veronika Pechlaner, Investment Manager, European Equities team, adds: “I am happy to be joining such an established firm and feel excited about the prospects which lie ahead and building on the Fund’s successes. Creating a global presence is most important at the moment and expanding into Europe is at the centre of that.”
Launched in 1997, the Ashburton European Equity Fund follows an unconstrained relative approach that blends a mixture of top-down and bottom-up analysis. This methodology has been fundamental to the Fund’s success, with key investment themes currently being ‘the death of cheap oil’, ‘growth of China’ and ‘Global Infrastructure’
*Source: Lipper as at 31 July 2008. Benchmark: MSCI Europe
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