Co-founder appointed Chief Information Officer at Wheelhouse Partners

Sam Jacob has co-founded Wheelhouse Partners with colleagues Alastair MacLeod and Andrew MacLeod, in partnership with boutique fund incubator, Bennelong Funds Management.

Jacob will act as chief information officer for the new firm and contribute to all investment decisions regarding the derivative overlay design and execution. In addition, he will be responsible for the build and maintenance of the firm's risk management platform.

Jacob has over 19 years' financial services experience. Previously he was head of quantitative development and IT for global macro hedge fund, Brevan Howard Israel, where he was responsible for the design and build of risk management platforms globally. Before that he worked for Bloomberg where he managed the Desktop Build group.

Wheelhouse Partners' initial offering, The Wheelhouse Global Equity Income Fund, was launched on 15 May 2017 with the aim of delivering "improved investment outcomes to Australian retirees".

Commenting on the new venture, founder and portfolio manager, Alastair MacLeod said: "The strategy is designed to have structural lowered volatility, improved capital preservation and higher income generation, all of which, when combined with a growth asset like equities, should work to narrow the range of investment outcomes."

"Manager fees also stand between returns and outcomes, and we have structured our offering with Bennelong to enable what we believe is a genuine low-cost solution for the value that we provide."

Bennelong CEO, Craig Bingham, added: "Alastair and his team have a strong background, and proven track record. Bennelong's reputation has been built on its success in identifying and partnering with quality asset managers, offering high-grade investments. Wheelhouse Partners fits this model perfectly."