Fulcrum recruits country head

UK-based Fulcrum Asset Management and its local distribution partner Ironbark Asset Management have recruited product specialist Angus Carson as country head for Australia.

Carson joins from Dimensional Fund Advisors, where he served as the regional director servicing Australian and New Zealand institutions.

He was previously the head of superannuation and government institutions for BNP Paribas Asset Management Australia and associate director of institutional sales at Ambassador Funds Management Services.

Before that, Carson was an associate director at Macquarie Bank.

Earlier, he worked as a product investment specialist for Merrill Lynch Investment Managers, a consultant for Intech Asset Consulting and did stints at Deutsche Asset Management Australia and BT Financial Group.

Fulcrum specialises in global macro, risk premia and climate-aligned equity strategies and has a client base with $9.1 billion of funds under management.

Fulcrum managing partner Joe Davidson said: "We have now reached the point where we need a dedicated resource to work alongside Ironbark in servicing our existing clients and continue to help grow our footprint in this region.

"This appointment follows our expansion into other markets like the US, where we are seeing strong growth".

Incidentally, Ironbark began distributing Fulcrum's strategies to the wholesale and institutional markets in Australia and New Zealand after buying Ambassador Funds Management Services in 2019.

Ambassador had represented Fulcrum in the Australian institutional market since 2012.

"I am delighted to have been given the opportunity to work with such a high-quality asset manager as Fulcrum again, having been involved with their original entry into Australia back in 2012 when I worked for Ambassador," said Carson.

"Fulcrum's core focus - macro investing - has really come to the fore in recent years. It provides investors with a stream of uncorrelated absolute returns through these turbulent markets."