AMP Capital Investors

About AMP Capital Investors

AMP Capital is a leading specialist investment manager with 240 investment professionals and a carefully selected global network of investment partners. AMP Capital has over A$124 billion in funds under management (as at 31 March 2012) and offers significant depth and breadth of investment expertise across a range of asset classes including equities, fixed income, direct and listed infrastructure, direct and listed property, diversified and multi-manager disciplines.

As a subsidiary of AMP Limited (AMP), AMP Capital benefits from the resources and financial strength of its parent while operating autonomously with a pure investment focus.

Download manager profile (Fixed Interest)

Funds managed

Key personnel - Fixed Interest

Simon Warner, Head of Macro Markets
Simon Warner joined AMP Capital in March 2007 as Head of Macro Markets within the Fixed Income team. Simon is responsible for managing core fixed income portfolios, for approximately A$30 billion of assets. Simon is also leading the development of new strategies to manage global rates and credit sectors.

Prior to joining AMP Capital, Simon was employed with JPMorgan Chase, and more recently as Australasian Chief Investment Officer based in Singapore. He previously held investment management roles in Sydney and London. His focus was on managing risk across money markets, bonds, swaps, currencies and equities. Simon holds a Masters degree from the London School of Economics.

Kristen Leonard, Senior Portfolio Manager, Macro Markets
Kristen Leonard joined AMP Capital in 1996. He is a Senior Portfolio Manager in the Macro Markets team of Fixed Income and is the portfolio manager for some of our larger core fund clients including AMP Life and Mizuho/DKA. He has a speciality research focus on inflation linked bonds after spending some years managing inflation linked bond portfolios. Prior to his current position, Kristen was responsible for portfolio construction and risk management of fixed income portfolios, where he built risk systems and implemented a risk budgeting framework whilst also managing the AMP Life’s fixed income portfolios. He was also involved in the development of quantitative techniques for fixed income portfolio management, the establishment of the Australian fixed income index portfolio, and helped develop the Australian Fixed Income Performance Attribution System.

Kristen gained his Bachelor of Mathematics and Finance from the University of Technology Sydney and graduated with first class honours. He also has a Graduate Diploma in Applied Finance & Investment, with a major in Treasury (from Finsia) and is a CFA charterholder and has been grading the CFA exams each year since 2008.

Key personnel - Property Securities

Matthew Hoult, Head of Global Listed Real Estate

Matthew Hoult is the Head of AMP Capital’s Global Listed Real Estate Team. He has 14 years’ experience in the financial industry having worked as a property analyst in the Australian equities teams of two global investment managers before specialising in global property securities in September 1999. Prior to joining AMP Capital in December 2011, Mattew worked at BNP Paribas Investment Partners for seven years, the last two and half years as chief investment officer of global property and as Head of Asia for the two years prior. Previously, he was an Australian equities portfolio manager at ABN Amro Asset Management and Jenkins Investment Management. Matthew holds a Bachelor of Business from the University of Technology, Sydney.

Joseph Pavnica, Senior Portfolio Manager

Joseph Pavnica was appointed to his current position in March 2012. He is based in AMP Capital’s Chicago office and heads up the team responsible for the analysis of real estate securities in the Americas. Joseph’s primary research coverage includes US malls and Canadian real estate securities. In addition, he also covers Singapore. Joseph has 27 years’ experience in the financial industry, including 15 years specialised in equities analysis and portfolio management. Joseph’s most recent position prior to joining AMP Capital was Head of American Real Estate at BNP Paribas Investment Partners where he oversaw the US property team. Prior to this, he was an investment analyst at Alleghany Corporation which he joined in 1997, analysing potential equity investments and providing peer reviews on existing corporate holdings. Mr Pavnica holds a Bachelor of Science in Accounting from Saint Joseph’s College in Indiana and a Master of Business Administration from Indiana University in the US.

Hugo Machin, Senior Portfolio Manager

Hugo Machin is based in AMP Capital’s London office and heads up the team responsible for the analysis of real estate securities in Europe. Mr Machin has 13 years’ experience in the financial industry. For the last seven years he has focused exclusively on both European and Asia Pacific real estate property securities markets. He joined AMP Capital in May 2006 and was instrumental in setting up the London office for the AMP Capital Global Property Securities Fund. Previously, Mr Machin worked at ING Investment Management in Sydney where he was responsible for the analysis of listed property trusts in Australia and also undertook some trading for the portfolio. Before this, he was a fund manager at the London-based Welcome Trust with responsibility for an £800 million commercial property portfolio. Mr Machin holds a Bachelor of Arts with Honours in English Literature from Durham University, a Master of Science in Real Estate Finance and Investment from Reading University and a Diploma in Cross Border Valuation from Oxford Said Business School.

Tom Walker, Senior Portfolio Manager

Tom Walker is based in AMP Capital’s London office and is primarily responsible for the coverage of the European listed property sector. Mr Walker has 13 years’ experience in the financial industry. After six years at Jones Lang LaSalle, Mr Walker joined AMP Capital’s listed real estate team in Sydney in August 2005, initially covering the Australian real estate investment trust sector before returning to London in April 2007 to cover the European real estate investment trust market. Mr Walker holds a Bachelor of Arts in Politics from University of Newcastle Upon Tyne and a Graduate Diploma in Real Estate from London South Bank University.

Charles Wong, Senior Portfolio Manager

Charles Wong is based in AMP Capital’s Hong Kong office and heads up the team responsible for the analysis of real estate securities in Asia. He is primarily responsible for the analysis of real estate investment trusts China. Mr Wong has 13 years’ experience in the financial industry, having focused on funds management and the property market throughout his entire career. Prior to joining AMP Capital in June 2006, Mr Wong worked at Perpetual Investments covering Australian real estate investment trusts. Prior to this, he held a number of positions at Colonial First State (CFS) and Paladin Australia. Mr Wong holds a Bachelor of Economics from Macquarie University and a Master of Commerce from the University of New South Wales.

Mark Ferguson, Senior Portfolio Manager

Mark Ferguson joined AMP Capital in September 2005 and was appointed to the position of Head of Australian Listed Real Estate in March 2006. He is based in AMP Capital’s Sydney office and heads up the team responsible for the analysis of real estate securities in Australia. Mark has 23 years’ experience in the financial industry and has focused on Australian real estate securities for over 18 years. Prior to joining AMP Capital, Mr Ferguson was a senior portfolio manager within Deutsche Asset Management’s Australian equities team for ten years, where his primary focus was on real estate securities. Mr Ferguson holds a Bachelor of Economics from Macquarie University, a Master of Business in Banking and Finance from the University of Technology, Sydney and a Graduate Diploma in Financial Planning from the Financial Services Institute of Australasia (FINSIA).

Why Advance selected AMP Capital Investors

Fixed Interest

AMP Capital Investors is a very large Australian based domestic fixed interest manager, which brings access to companies for credit assessment and sophisticated front office investment and highly regarded risk systems. Its well resourced domestic fixed interest team has a strong leadership group with focused decision making and a diversified skill set. The investment process is well thought-out and logical with a highly systematic and differentiated macro process and a detailed and disciplined bottom up credit process. AMP has significant credit assets under management, which provides information on credit deal flows and full access to corporate management. Finally, AMP blends in well with the other two managers to provide unitholders with greater scope for generating returns with lower risk.

Property Securities

We selected AMP Capital Investors on the basis of depth of experience, breadth of team and process. The centralised and decentralised approach ensures that both top down and bottom up analysis is carried out extensively. The investment process is transparent and disciplined with proprietary quantitative tools used to assess each company and focus the team’s research. The quantitative tool helps facilitate a higher conviction, more concentrated portfolio compared to peers. Finally, we believe its active investment approach with top-down considerations is complementary to its strong bottom-up decisions from regional managers.