IML founder Anton Tagliaferro announces his retirement in 2023
Anton Tagliaferro
Anton Tagliaferro, one of Australia’s most highly respected value-style fund managers, today announced that he will retire from Investors Mutual Limited (IML) in 2023.
Anton’s retirement in March 2023 will coincide with the 25th anniversary of IML which he founded with the purpose of creating a research-driven value fund manager focused on building portfolios of Australian companies that represent both ‘quality and value’.
Originally from Malta, Anton arrived in Australia as a Chartered Accountant in the 1980’s and was soon drawn to the sharemarket joining Prudential in 1986 before moving to Perpetual in 1988. At Perpetual, Anton was responsible for managing the long-standing Industrial Share Fund and launching it to the public in October 1989.
Commenting briefly on his decision, Anton said “I believe that now is the right time to hand over to the next generation at IML. I know I leave our clients in safe hands with every confidence in the team’s ability to generate healthy returns moving forward.”
The announcement follows a well-planned and executed succession plan by IML, one that positions it for the future while ensuring continuity of the firm’s approach to investing. In 2017, Natixis Investment Managers (Natixis IM), a top 20 global investment manager acquired a majority stake in IML. In 2021, Damon Hambly was appointed IML’s Chief Executive Officer having previously held the position of Natixis IM CEO of Australia. Hambly has served as an IML director since 2017 and as an executive director working alongside Anton since 2020.
Commenting on the announcement, Hambly said, “I would like to thank Anton for his significant contribution to IML. Under Anton’s leadership, IML investors have benefited from the consistent and true-to-label ‘quality and value’ investment style that Anton has embedded into the business. While in some ways it is the end of an era, we are pleased that Anton is handing over to an experienced team of investors who have all been working with him at IML for well over a decade.”
“I would like to thank all of our clients who have supported IML over the past 25 years. Without you I would not have had the opportunity to do what I was passionate about every day.” said Anton.
IML’s flagship fund, the Investors Mutual Australian Share Fund, has delivered above-benchmark returns with less volatility than the Australian sharemarket since its inception[1].
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