Category: News

Philip Hebson Joins AllenbridgeEpic

AllenbridgeEpic Investment Advisers Limited (AllenbridgeEpic), a leading investment adviser to UK pension funds, is pleased to announce that Philip Hebson has joined its team as a Senior Adviser.

Philip has over 30 years’ experience in the securities industry. He was with Charterhouse Securities (formerly Tilney & Co.) for 20 years and was appointed as a Director in 1992. Whilst there he was a member of the UK Equities sales team, responsible for marketing the firm’s analytical output to a wide range of institutional clients. He also acted as an investment adviser to a major local authority pension fund.

In 2000 Philip joined Merseyside Pension Fund as Head of UK Equities, responsible for research and portfolio structure decisions for the internally managed portfolio, managing over £2bn of assets. He was also involved in the monitoring process for the Fund’s external investment managers and advising on the risk profiling of the Fund, including asset allocation.

Since 2010 Philip has been providing independent specialist advice to quoted companies in the areas of Corporate Governance, Investor Relations and Business Structure. He is also a Non-Executive Director of Aberdeen Private Equity Fund, and Treasurer and Investment Adviser to Chester Municipal Charities.

Philip is a Chartered Fellow of the Chartered Institute for Securities & Investment and a Member of the Institute of Directors.


Ray Maxwell Joins AllenbridgeEpic

AllenbridgeEpic Investment Advisers Limited (AllenbridgeEpic), a leading investment adviser to UK pension funds, is pleased to announce that Ray Maxwell has joined its team as a private equity and infrastructure Sector Specialist.

Ray has over 37 years of financial and investment experience and has been involved in private equity and venture capital since the early 1980s. He is Founder and currently a Director of Acrostic Limited, a boutique advisory firm; is Chairman of Core VCT IV, which provides mezzanine finance to UK-based SMEs; is Chairman of PEFOX (a derivatives exchange for private equity funds); and a consultant to Invesco Private Capital Inc. He also sits on a number of Advisory Boards including Eden Ventures in the UK, Argus in the CEE and Veritas in Israel.

Previously, Ray was a strategy adviser to BTG plc and served on the board of one of its investee companies – Mesophotonics Limited. He was also a partner of Invesco and a General Partner and Managing Director of the New York-based private equity group Invesco Private Capital (IPC) from 1997 to 2005, where he was responsible for all private equity investments and marketing outside North America.

Ray holds an MBA in Finance and is a member of the Securities Institute. He is an active speaker at private equity conferences.

Karen Shackleton, Chief Executive of AllenbridgeEpic, said:

“We are delighted that Ray is to join us as a Sector Specialist. He brings extensive experience of private equity, venture capital and infrastructure, and will provide valuable insights at our internal monthly debates on markets. Ray will also be able to offer expert opinion on our clients’ private equity portfolios as well as providing bespoke advice as part of our specialist alternatives advisory service.”

Ray Maxwell said:

“I very much look forward to advising AllenbridgeEpic’s clients on their private equity allocations. Although many institutions have committed to private equity it is an asset class that is not fully understood or appreciated. Private equity, if used judiciously, can help to diversify overall portfolio risk. In the current climate, where finance is in short supply, it can play an important role in supporting companies with growth potential.”


James Walton Joins AllenbridgeEpic

AllenbridgeEpic Investment Advisers Limited (AllenbridgeEpic), a leading investment adviser to UK pension funds, is pleased to announce that James Walton has joined its team as a real estate sector specialist.

James is the founder of South 40 Group, a real estate fund advisory and private placement company. He currently advises six real estate Funds of Funds with both global and country specific mandates, has extensive experience of fund due diligence and has delivered results to some of the most trusted and best performing companies in real estate fund management. In particular, he has over 12 years of experience in real estate, private equity and research having worked for Jones Lang LaSalle, Fidelity Investments, Healey & Baker Investment Managers, Patron Capital Partners and Dawnay Day.

James is a graduate of the University of Massachusetts, Amherst and The London School of Economics (LSE). He is also a member of the Investment Property Forum (IPF), the Society of Property Researchers (SPR), Urban Land Institute (ULI), Commercial Real Estate Finance Council (previously the CMSA) and is the President of the LSE’s Global Real Estate Group (a global special interest alumni group).

Karen Shackleton, Chief Executive of AllenbridgeEpic, said:

“We are delighted that James has decided to join us as a sector specialist. He brings extensive experience of real estate at both a global and country specific level, and he will provide complementary support to Philip Ingman, our existing UK property sector specialist. The global real estate market is sizable, but historically this asset class has been treated as an appendage, with a relatively low allocation in institutional portfolios. We are now noticing an increase in interest in global property, so we anticipate that James’s expertise will be in much demand.”

James Walton said:

“It is important to understand the role of and weightings in real estate in a diversified portfolio as well as the methods of access. Despite being the world’s largest asset class, property is often described as an alternative and one which often receives a relatively small allocation. Given the expectation of higher inflation over the coming years, access to inflation-linked rent reviews has caught the attention of many investors. Moreover, with sovereign debt (local, risk free) yields so low, the yield gap, or difference between property and treasury yields is also bringing more attention and allocation to the asset class globally.

I am pleased to be working with AllenbridgeEpic’s clients and look forward to advising them on their property allocations.”


Grant Ballantine Joins AllenbridgeEpic

AllenbridgeEpic Investment Advisers Ltd (AllenbridgeEpic), a leading investment consultant to major UK pension funds, is pleased to announce that Grant Ballantine is to join its team of consultants.

Grant qualified as an actuary with Scottish Widows and, after a short spell working overseas, he joined the Government Actuary’s Department (GAD). For a large part of his career of over 30 years at GAD, he led the teams of actuaries providing GAD’s actuarial advice on occupational pension schemes. These included some of the largest UK pension schemes, both in the public and private sectors. Other clients included overseas governments and supervisory bodies.

During his career, Grant was also involved in providing advice to some countries in Eastern Europe and Africa.  This included the Russian authorities following the fall of Communism and, in 2000‐2001; he helped to establish pension provision in Kosovo after the breakup of Yugoslavia.

Grant is currently Chairman of Trustees of a private sector pension scheme and sits on the investment committee of a funded public sector scheme.

Karen Shackleton, Chief Executive of AllenbridgeEpic, said:

“We are delighted that Grant has decided to join us. Not only does he bring a wealth of actuarial and investment experience to the table, but his industry knowledge will be of enormous benefit to both colleagues and clients. I have personally known Grant for many years and he is highly respected. We anticipate that Grant will act as independent adviser to both local authority and larger corporate pension schemes. We are currently seeing significant interest in our investment advisory service, so I have no doubt that Grant will acquire a full portfolio of clients extremely quickly.”

Grant Ballantine said:

“I am very pleased to be joining AllenbridgeEpic and look forward to working with their talented panel of independent investment consultants. I was particularly attracted by the nature of their tailored investment advisory service for pension schemes, including for FTSE 250 companies and funded public sector pension schemes.”


Keith Percy Joins AllenbridgeEpic

AllenbridgeEpic Investment Advisers Ltd (AllenbridgeEpic), a leading investment consultant to major UK pension funds, is pleased to announce that Keith Percy is to join its team of consultants.

Keith Percy has many years of experience in the financial world and has spent the past 28 years managing portfolios for institutional clients in the public and private sectors in the UK and abroad. He is currently Chairman of Brunner Investment Trust, and the Senior Independent Director at The Children’s Mutual, where he also chairs the Investment Committee. Previously, he was Executive Chairman at Société Générale Asset Management UK, and CEO of Morgan Grenfell Asset Management. Keith began his career as an investment analyst with Phillips & Drew, where he became Head of Research and was Chairman and Chief Executive of Phillips & Drew Fund Management from 1983-1990.

Karen Shackleton, Chief Executive of AllenbridgeEpic, said:

“I am delighted to welcome Keith Percy to our now twenty-strong team of consultants, all of whom have been leaders in their fields in the pensions world. Keith’s depth of knowledge and experience will be invaluable as we develop our service to major pension funds.”

Keith Percy said: “I have known and worked with many of my new colleagues during my career and am pleased to be joining this outstanding team. Like them, I was attracted to AllenbridgeEpic’s concept of providing independently-minded pension fund Consultants, who, as experienced practitioners, truly understand their market.”


Ian Morley Joins AllenbridgeEpic

AllenbridgeEpic Investment Advisers Ltd (AllenbridgeEpic), a leading investment consultant to major UK pension funds, is pleased to announce that Ian Morley will be joining its team of consultants to develop an advisory service to leading pension funds and other investing institutions on hedge funds and other alternative investments.
Ian was founding Chairman of the Alternative Investment Management Association (AIMA). More recently, he was CEO at DDO, a leading Fund of Funds and Chairman of Corazon Capital. He is currently Chairman of Allenbridge HedgeInfo, the hedge fund rating and consulting company, and Director of Wentworth Hall, a consulting and Private Equity company, among many other Non –Exec positions held.  An economics graduate of LSE, Ian has published numerous articles, including comment pieces for the FT and Times, Morley’s Laws of Fund Management, and has lectured throughout the world on derivatives and alternative Investments. He works closely with a number of trade and regulatory organisations and has advised the Bank of England, the Central Bank of Ireland, the OECD, the EU and other international institutions about the managed derivatives and Hedge Fund industry.
Karen Shackleton, Chief Executive of AllenbridgeEpic said:
“I am delighted that Ian is joining the team. It is clear to us that the demand from our clients for high quality, independent advice on hedge funds and other alternative investments will continue to grow. Ian’s wealth of knowledge and experience will be invaluable as we develop our service in this specialist and complex area to major pension funds.”
Ian Morley said: “I have been impressed by the growth in both reputation and client numbers that AllenbridgeEpic has achieved in recent years, and look forward to helping it to expand its offer  of independent advice in this important and misunderstood investment area.”

AllenbridgeEpic Appoints Karen Shackleton as CEO

AllenbridgeEpic Investment Advisers Ltd (AEIA), a leading investment consultant to major UK pension funds, announced today that Karen Shackleton has been named Chief Executive Officer and a member of the Board of Directors.

Karen Shackleton has over 25 years‟ professional experience in the investment management industry, with County NatWest, Barclays and as an independent consultant since 1995.  Through AEIA, she is currently the independent investment adviser for the London Borough of Islington and London Borough of Hounslow pension schemes.

Anthony Yadgaroff, Chairman of AEIA, said: “We are delighted to have Karen to lead AEIA into the next phase of its growth. She has the exact combination of seasoned investment experience and client-focused leadership strengths that the Board was looking for. Her appointment coincides with the sale of the retail business of Allenbridge Group plc to a London-listed financial specialist. All our businesses, including AEIA, are now clearly focused on the institutional market.”

“Karen takes over from Chris Edge, whose sad and untimely death at the end of last year has deprived the industry of one of its most widely known and engaging practitioners. He was a founder member of EPIC Investment Advisers and made a major contribution to its development, guiding it with distinction through its formative early years. He will be missed both by his AEIA colleagues and those in the broader financial field. A memorial service is planned for Chris in the coming weeks, and early details will be on our website: http://www.allenbridgeepic.com.”

Karen Shackleton said, “After only a few years of existence, AEIA has built a well-recognised brand in the institutional pensions sector, with advised assets of over £20 billion. That position owes much to Chris Edge, who had the vision to see the need for independent investment advice for pension funds, following the original Myners report. His legacy is a panel of investment colleagues, whose skills and experience have helped to carve out a strong market niche over the subsequent years.

Looking ahead, there is a great opportunity. We sense a growing view amongst trustees and pensions managers that specialism and expertise will be more relevant in future. Large funds are realising that there is no substitute for advice from skilled consultants who have gained their experience „at the coal face‟.

AEIA‟s team is uniquely well qualified, across a wide range of skills, to offer precisely that depth of knowledge to pension trustees and managers, and I look forward to making a larger market aware of the many services we can provide at extremely competitive prices.”