In the newly created role, Wayne will be responsible for driving the growth of Wheelhouse’s Global and Australian Equity capabilities. He will focus on key accounts, research relationships, asset consultants, independent financial advisors and private wealth as Wheelhouse continues to build its base across the Australian Wealth Management market.

Mr McGauley brings 25 years’ experience in distribution, most recently at Investors Mutual Limited (IML) where he served as Head of Retail for 13 years and was responsible for setting and executing the IML Retail Strategy. Throughout his 17 years at IML he gained vast experience across all segments of the Wealth Management market.

Alastair Macleod, Wheelhouse Managing Director and Portfolio Manager, said, ”Wayne’s appointment is a significant milestone in Wheelhouse’s journey as a truly independent asset manager. Since launching our first global income fund five years ago, we’ve affirmed our lower risk and income generative approach and are excited to be building a dedicated distribution capability with Wayne’s direction and support. He brings tremendous wealth experience, knowledge and investor understanding, and we’re thrilled to be working with him as we continue to grow and expand.

Commenting on his appointment, Mr McGauley said, “I’m delighted to have been given the opportunity to build out the distribution capabilities of Wheelhouse. What attracts me to Wheelhouse is the expertise within the investment team and the refreshing different approach to managing specialist income strategies across both Global and Australian Equities.

“Having spent 25 years in distribution I understand clearly the needs of retail investors and I am confident in Wheelhouse’s capabilities to deliver consistent and growing income over time, through a systematic process that consistently prioritises risk management. ‘No surprises’ is key for me when it comes to investment returns and I share Wheelhouse’s intense focus on delivering reliable investor outcomes.”

Mr McGauley’s Head of Distribution role is effective 1 October 2022 and based in Brisbane.

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Loomis, Sayles & Company manages USD $267.3 billion in assets and looks far and wide for value – across traditional asset classes and alternative investments – to pursue attractive sustainable returns for clients worldwide. Founded in 1926, Loomis Sayles has been serving institutional clients in Australia for over 20 years.

In their review of the Fund, Zenith’s report states: “Zenith believes the research process is rigorous and structured, with portfolio manager oversight ensuring analysts remain focused on the most promising opportunities.”Zenith also notes that the Fund’s investment team is supported by the broader Loomis Sayles research capabilities with breadth of investment resources providing the investment team with a competitive advantage serving to enhance its own research.

Lee Rosenbaum and Eileen Riley, CFA, co-portfolio managers of the Loomis Sayles Global Equity Fund are delighted with the rating as the Fund launches into Australia.

Co-Portfolio Manager Lee Rosenbaum said: “Investing in the best ideas from around the world and identifying business’ underlying fundamentals is key to performing well over the long term in international equities. This is what we seek to achieve with the Loomis Sayles Global Equity Fund. Receiving the Recommended rating is a reflection of the quality of our investment team as well as the investment philosophy of the Fund.”

IML Head of Retail, Wayne McGauley, explained: “The team has a proven track record that we believe is very attractive to Australian investors, especially given the experienced and well-resourced team that runs the money out of Boston. We are also pleased to announce that the Loomis Sayles inaugural Australian adviser roadshow will be held across Australia in the first quarter of 2019.”

Loomis Sayles is an affiliate of Natixis Investment Managers, the global multi-affiliate fund manager. IML became a fellow-affiliate in 2017.

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Anton Tagliaferro

Investors Mutual’s new LIC, QV Equities Limited, has raised over  $180m from  Australian and New Zealand investors, making it one of the most successful raisings ever for an Australian equities LIC.

Last month IML launched QVE to the market with the aim of providing self managed super funds, high net worth individuals and other investors with a diversified portfolio of quality companies outside the top 20 stocks in the ASX 300. The IPO closed on last Friday (8 August).

Wayne McGauley, IML’s Head of Retail, said QVE resonated strongly with many advisers and investors who viewed the LIC as a solid long- term investment.

“We’ve spoken to literally thousands of advisers and clients in the last few weeks, reinforcing the diversification advantages of investing in Australian companies outside the ASX top 20. We are very pleased with the response and to have raised such a significant amount from investors around Australia, particularly given the current uncertainty in share markets.”

IML now has up to six months to invest the money raised and to build a portfolio of good quality companies that it believes will perform well in the long term.

IML founder and Investment Director, Anton Tagliaferro said now that the money had successfully been raised, it will be invested in the same cautious and disciplined way as all of IML’s client monies had been since 1998.

 “In our view, there are many quality companies in the ex 20 sector of the market that fulfill our criteria of strong competitive advantage , recurring and predictable earnings streams run by capable management teams that will provide sound long term investments as they grow their earnings and dividends over time. We believe the recent volatility in the share market as a result of geopolitical uncertainties as well as speculation as to when the US Fed may raise interest rates may provide some good opportunities for us to invest the money wisely in the next few months.”

“We’d like to thank lead arranger CBA Equities, led by Geoff Carrick Head of ECM and Trevor Franz Head of Syndicate who were very thorough and  provided professional advice throughout – they  truly have become one of  Australia’s leading ECM teams,” Mr Tagliaferro said.

Don Stammer, Chairman of QV Equities added, “I am delighted by the significant capital raised and the large number of shareholders who subscribed to shares in the company. Going forward, we are all focused on working hard to ensure that our shareholders enjoy the medium to longer term benefits that a quality portfolio of ex 20 stocks will provide .”

The issue was arranged through CBA Equities who were also one of the joint lead managers to the issue along with BBY, Patterson and Taylor Collison and co manager Lonsec Securities.

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Anton Tagliaferro

With just over a week remaining before offer close, Investors Mutual’s recently launched LIC, QV Equities Limited (ASX:QVE), has attracted firm commitments and cash of over $100 million, thanks to strong interest from advisers and investors since opening on July 14.

Investors Mutual’s Investment Director and QVE Investment Manager, Anton Tagliaferro, said, “We are delighted by the positive response we’ve received from the market so far. QVE’s success lies in its ability to compliment the increased move to direct equities, particularly in the SMSF space providing investors with a ready-made portfolio of ex-20 stocks. QVE thus offers a unique diversification solution for clients, giving QVE shareholders exposure to many quality companies outside of the ASX top 20, as selected by IML.”

Wayne McGauley, IML Head of Retail said, “We are pleased with the overwhelmingly positive feedback received from research houses, advisers, accountants and individual investors on the approach and strategy behind QVE.”

“Investors have responded well to the number of channels available to access QVE, with the LIC being available on some of Australia’s leading platforms, as well as more traditional broker and general application channels. The platform access, along with its inclusion on leading dealer group’s approved product lists is quite unique for a LIC. This improved access enables SMSFs, HNW individuals and their advisers to easily incorporate QVE within their portfolios,” added Mr McGauley.

QVE recently achieved a ‘Highly Recommended’ rating from Lonsec and ‘Recommended’ by Zenith with both research houses commending Investors Mutual’s investment approach and experienced team.

The offer will remain open until the 8th of August, with subscriptions accepted until this date.

The issue has been arranged through CBA Equities who are also one of the Joint Lead Managers to the issue along with BBY, Patterson and Taylor Collison and Co-Lead Manager Lonsec Securities.

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