Prime Value Asset Management hires investor relations director from MLC Asset Management

Boutique fund manager, Prime Value Asset Management, has appointed Philip Morgan as Director Investor Relations and Capital Raising to boost its presence among financial planners and dealer groups.

Mr Morgan has experience as a wealth adviser and was previously an Investment Specialist with MLC Asset Management.

He said Prime Value Asset Management offers something unique for Australian investors. “Prime Value brings family-office calibre and stewardship to retail investment funds, and has runs on the board for consistency and innovation.”

He said Prime Value’s family office background and independence lets it play to its strengths across several asset classes. “Prime Value’s approach can be seen in its concentrated small caps vehicle, the high performing Prime Value Emerging Opportunities Fund.”

The Prime Value Emerging Opportunities Fund was ranked the second-highest performing Australian equities fund for the 2020 calendar year by Morningstar. It delivered 23.4 per cent (after fees) to investors for the calendar year, outperforming the market by 14.2 per cent (source: Morningstar).

“This fund shows it’s possible to focus on capital preservation and stewardship yet generate extremely strong returns.

“Prime Value’s unique approach applies to other investments, including equities, income funds and alternative investments.”

Prime Value CEO, Yak Yong Quek, said Prime Value is growing its funds under management among retail investors. “Philip is an outstanding addition to our team and will be important in developing our connection with financial advisors and dealer groups.”

Prime Value funds are available via platforms including BT Wrap, Netwealth, Hub24, and Powerwrap.

Boutique manager Prime Value Asset Management is part of an investment group including Shakespeare Property Group, managing more than $2 billion across equities, income securities, direct property and alternative investments.