In this new role Mr Daily will work alongside David Aylward (managing director and portfolio manager), Sean Fenton (director and portfolio manager) and Kylie Osgood (director and chief operating officer) in continuing to develop solutions that fit clients’ needs with the returns that they expect.

Mr Aylward said this appointment coincides with growth in the business – particularly the growing output of the quantitative team – and recognises the significant contribution Mr Daily makes to Tribeca across the breadth of its investment processes.

“Before joining Tribeca, Mr Daily was with Barclays Global Investors (BGI) in a variety of leadership roles including global head of investment process – Global Market Strategies Group (GMSG); Hedge Fund Management Group (HFMG) and Client Solutions (CS).

“Prior to these broader executive roles he was a senior portfolio manager within GMSG, which was BGI’s large macro and currency overlay business.

“Chris’ past experience, combined with his time at Tribeca as the lead portfolio manager of the Global Total Return Fund, means he is well placed to take on this new role.”

While continuing to be the lead portfolio manager of the Global Total Return Fund, Mr Daily’s primary focus will also involve:

• Continuing to work with the expanded quantitative team on their growing output
• Monitoring the fundamental analysis teams’ output and interaction with the Conviction System (Chris led the successful implementation of this addition to Tribeca’s process over the last couple of years)
• Maintaining and continuing to lead the development of the portfolio management and risk systems
• The ongoing development of total return strategies.

Mr Daily has a Masters of Engineering from the University of Western Australia, Bachelor of Science in Mechanical Engineering (cum laude) from Princeton University and is a Chartered Financial Analyst (CFA) Charter holder.

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The role has been created as a result of the strong growth the business has experienced over the past 12 months. The growth in the team demonstrates Tribeca’s commitment to building up its investment management capabilities and its desire to continue to meet the needs of clients.

Mr Moore will play a key role in investments across all of Tribeca’s funds with a particular focus on further developing its international equities capabilities.

Mr Daily said Mr Moore brings with him several years’ experience in funds management from Boronia Capital where he was a research scientist focused on automated trading strategies.

“Peter comes with excellent quantitative skills and an ability to manage very large data sets in conjunction with sophisticated quantitative modelling. He has a PhD from Delft University of Technology (Netherlands) and a Bachelor’s degree from University of Sydney in Applied Mathematics, where he won a University Medal.”

Mr Moore joins Tribeca’s highly skilled quantitative team which consists of seasoned market veterans Sean Fenton, Andrew Cowley and Chris Daily.

“At Tribeca, we manage money with a unique blend of disciplined fundamental investing and solid quantitative portfolio construction, both enabled by high quality technology. Peter’s skill set and specialist expertise are a good fit for our management style,” Mr Daily said.

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Chris Daily

Central banks could continue pumping money into the economy for decades and interest rates in the United States are set to rise but maybe not this year.

These were some of the conclusions drawn at a recent investment and portfolio construction conference.

According to financial advisers and experts at the Perfecting Investment Portfolios Conference, which was held in Auckland, New Zealand, the current cycle of quantitative easing could easily go on for another 5-10 years with some experts predicting loose monetary policy for even longer. The majority of delegates were convinced that QE had stabilised the financial system, however, they were mixed as to whether rates in the US would increase this year.

With global central bankers focused on avoiding a near-term deflationary environment at any cost, speakers Chris Daily, portfolio manager at Tribeca Investment Partners and Mark Thomas, chief executive and chief investment officer at van Eyk Research urged investors to think like a central banker and remain invested in growth assets.

“Central bankers are focused on reflating the economy to avoid deflation, in which case excessive liquidity is sustainable and investors should stay in equities for longer even though valuations may appear stretched,” Thomas said.

“QE seems to have a shelf space much longer than most are thinking. While there is talk about slowing QE in the US, it’s unlikely that they will remove it until deleveraging is more pronounced in the private sector. Europe has just started and Japan has no other option.”

The Annual Perfecting Investment Portfolios Conference, which is hosted by The Investment Store and Heathcote Investment Partners, focused on two key themes this year: “Bathing in the afterglow of central bank intervention” and “The déjà vu of emerging markets”.

These themes were developed by Shamubeel Eaqub, principal economist at the NZ Institute of Economic Research, who opened the conference. He was joined by other prominent speakers including Jonathan Ramsay, head of strategic research and consulting at van Eyk Research.Clayton Coplestone, director at Heathcote Investment Partners, said he was delighted by the high level of engagement from delegates and their openness to debate thought-provoking themes.

“We were able to stress-test conventional industry thinking, in order to deliver better outcomes for investors,” Coplestone said.

Matthew Mimms, managing director of The Investment Store, added that the conference provided investment professionals with an opportunity to hear a number of expert speakers discuss their views on key investment issues.

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