Vinva

About Vinva

Vinva Investment Management Limited (Vinva) is an independent investment management firm established in July 2010 specialising in managing equity portfolios in the Asia Pacific region, and is 85% owned by its employees. Its team of investment professionals has an average of over 17 years of investment management experience.

The Vinva business has been built with a focus on 3 key areas: investment performance, client relationships and risk management. Vinva is committed to keeping the business to a manageable size and ensuring long term alignment of interest with their clients.

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Funds managed

Key personnel

Morry Waked – Managing Director and Head of Equity Investments

Morry is the Managing Director of Vinva. He is a proven and experienced leader in the investment management industry who has a long term track record of innovation and delivery of investment performance to clients.

Morry helped form Vinva after 12 distinguished years with Barclays Global Investors (BGI). Morry joined BGI in 1997 as Head of Australian Equities with a mandate to develop an active Australian equity business for BGI in Australia. In 2007, he was promoted and had the dual role of CEO and CIO for BGI’s Australian business and later became Global Head and Chief Investment Officer of BGI’s Global Active Equity Business.

Prior to joining BGI, Morry was the Head of Quantitative Research at Rothschild Asset Management.  He started in the industry at Legal & General in the Actuarial Research Division. Morry holds a Master of Economics (majoring in Actuarial Science and Statistics) and a Bachelor of Economics, both from Macquarie University. He is also an Associate of the Institute of Actuaries of Australia.

Andrew Jackson - Head of Research

Andrew is a Principal of Vinva. Prior to joining Vinva in September 2010, Andrew was the Head of Equity Investments at BlackRock in Australia where he managed their scientific active Australian equity team. Prior to BlackRock's acquisition of Barclays Global Investors (BGI), Andrew was the Head of Australian Equity Research at BGI from 2003 to 2009. In addition, Andrew had portfolio management responsibilities for long-short funds working closely with both Morry Waked and Nick Burt.

Prior to joining BGI, Andrew worked as a quantitative portfolio manager and researcher for both State Street Global Advisers and Lend Lease Investment Management, and has over 20 years experience in Australian equity portfolio management.

Andrew has a PhD in Finance from London Business School and a strong and proven research track record with papers published in leading international journals such as the Journal of Finance, Journal of Portfolio Management and the Journal of Business. He is a Fellow of the Institute of Actuaries, has a Masters of Finance, is a CFA charter holder and a Fellow of FINSIA, and has a first class honours degree with the university medal in actuarial studies and economics from Macquarie University.

Nick Burt – Portfolio Manager

Nick is a Principal of Vinva. After leaving Barclays Global Investors (BGI) in December 2009, Nick spent a number of months preparing to launch his boutique long-short equity strategy before an opportunity became available to establish Vinva with Morry Waked. Nick was the Senior Portfolio Manager in BGI’s highly successful Australian equities team. In addition to managing portfolios, he was also given the mandate to enhance BGI’s trading capabilities. This involved building trading and monitoring technology for BGI’s Australian equity products. In early 2007, Nick was given additional investment responsibilities for all of BGI Australia’s long-short Australian equity strategies.

Prior to joining BGI, Nick had been with JP Morgan for over 10 years. There he was the Head of Quantitative Research, where he managed a team of 6 research analysts and investment programmers. In his last role with JP Morgan he held the position of Head of Centralised Execution with responsibility for managing a team of 10 investment professionals in the JP Morgan proprietary trading team.

Nick has a Bachelor of Commerce – Majoring in Finance (Honours) from the University of NSW.  His Honours thesis was “Pricing of SPI Futures Options using intraday prices”.

Why Advance selected Vinva

Vinva has been appointed to manage an allocation within the Advance Australian Shares Multi-Blend portfolio to provide a low risk, low volatility, consistent return foundation, which is expected to improve the return profile of the portfolio.

The appointment of Vinva introduces a systematic multi-factor approach which will bring unique, diversifying sources of alpha and diversification from a process perspective, complementing the existing line up of fundamental stock pickers.    

Vinva exhibits a number of distinct competitive advantages over the peer group of quantitative managers and the broader universe inclusive of fundamental approaches. These points of difference exist across various facets of the capability and have led to our conclusion that that we expect Vinva to meet its risk and return objectives and deliver superior outcomes against its peer group. The key areas of strength lie in the people, the process and the research.