Subsequently, Advance has hired Mary Feros as portfolio manager of the aforementioned funds. Zenith has now conducted discussions with Feros and senior members of the Advance Asset Management, and performed thorough analysis. After careful consideration, Zenith has assigned an “Approved” rating to each Fund.

 Zenith’s View
Zenith believes Mary Feros is a strong addition to the team and replacement candidate for Dustin Adams. Feros brings over 20 years of industry experience, and prior to joining Advance she was Joint Investment Director at 452 Capital.

Feros will work closely with Dimitra Voutas, interim portfolio manager, to ensure a smooth transition. Zenith rates the Fund “Approved”.

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With over 20 years experience in financial services and investment management, Ms Feros will be responsible for the Australian equities component of Advance’s multi-manager business. In previous roles, Ms Feros has overseen multi-billion dollar portfolios that have delivered strong relative performance in a variety of market environments. 

“We are delighted to have someone of Mary’s calibre join our specialist investment team. Mary brings with her an impressive track record in the asset management industry and, more specifically, a deep level of research knowledge within Australian equities,” said Patrick Farrell, head of Advance Asset Management. 

Ms Feros said she was delighted to be joining the team at Advance and that she was attracted to the team environment, the focus on top-down market dynamics and the dedication to the responsibilities it carries for clients. 

Ms Dimitra Voutas, who has been managing the Australian equities portfolio during the interim period, has done an outstanding job and will continue to work closely with Mary but will shift focus back to her  primary portfolio – property. 

Ms Feros was most recently joint investment director at 452 Capital Pty Ltd and joins the Advance team on Monday 19 November taking up the position previously held by Dustin Adams who resigned in September 2012.

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