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Antares is a dedicated asset management business managing more than $32.8bn on behalf of Australian investors, with $7.0bn in Australian equities and more than $25.8bn in fixed income (as at 30 September 2016).

At Antares we are wholly focussed on delivering performance for investors through an investment approach underpinned by dedication, experience and discipline. We recognise and are ready for market uncertainty, and believe great performance is achieved through a focus on both risk and return. Antares consists of two divisions – Antares Equities (formerly Portfolio Partners and Aviva Investors) and Antares Fixed Income (formerly National Specialist Investment Management).

Since its inception in 1994, the Antares Equities team has established itself as a specialist in the active management of Australian equities, first as Portfolio Partners and more recently as Aviva Investors. Our success is based upon the experience and judgment of our people. We believe that superior investment performance can only be achieved through a disciplined and sceptical approach to investing that provides us with the courage to move against markets to unlock value in market inefficiency.

  • Our investment philosophy is based on the belief that the pricing of individual stocks on the Australian sharemarket is at times inefficient.

    Stocks sometimes trade away from their underlying valuation for a period of time. We believe it is possible to exploit these inefficiencies to deliver potentially superior investment returns. This is primarily achieved by identifying stocks trading away from their underlying valuation by:

    • Taking a longer term view;
    • Systematically conducting detailed bottom-up research, and
    • Ensuring the risk taken is commensurate with the expected return.

    We believe mispricing occurs for a number of reasons including the following:

    • Investors take a short term view;
    • Investors do not have a systematic process for assessing environmental, social and corporate governance issues; 
    • Investors over or under react to changes in a company’s operating environment;
    • Sell-side analysis can be conflicted, leading to ill-informed stock recommendations;
    • Investors make incorrect generalisations about similar companies, and
    • Investors often extrapolate short term observations to the longer term. 

    Our broad philosophy can best be described as selectively contrarian. When a company is introduced into the portfolio it generally exhibits some characteristics which have caused it to be “out of favour” with the market.  By this we mean such stocks are often universally disliked by investors who view the company’s current problems as permanent. They tend to be experiencing bad press and management are viewed as incompetent. The share prices of such “unloved” companies are often sold down on any news, good or bad; hence they end up as multi-year underperformers. By conducting detailed bottom-up analysis of the future prospects of a company we are able to come up with our internal valuations which are sometimes different from the consensus view or the current share price. These are the types of characteristics we generally seek in the companies we bring into the portfolio.

    It is also important to note that not all such “out of favour” companies make good investment opportunities, which is why being selective is also critical to the process. Our experience, insight, detailed analysis and peer discussions are our guides when determining which “out of favour” companies are the most compelling investment opportunities.

    Risks

    Risks specific to investments in Australian equities may include share market and company risks, risks associated with the use of short selling and derivatives, investment management and style, portfolio concentration and liquidity risks. Please refer to the relevant fund’s Product Disclosure Statement for more information.

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    Brendan Donohoe

    General Manager Antares Equities, Global Distribution and Client Services NAB Asset Management

    Key Responsibilities
    Brendan joined NAB Group in 2010. He is currently responsible for managing the business at Antares Equities. He is also responsible for Global Distribution and Client Services for NAB Asset Management. Brendan is a member of the Leadership team at NAB Asset Management.

    Years with the Group
    6

    Years of Industry Experience
    38

    Previous Roles

    Prior to joining Antares, he was a Divisional Director at JANA Investment Advisers, responsible for managing its business development, marketing and communications divisions and as part of his leadership role in the firm, he had a specific focus on business strategy. Brendan started his career with Bank of Ireland Asset Management ("BIAM") Limited where he held numerous Senior Executive roles and Directorships in the 29 years he worked with the company, establishing and running divisions of the asset management business in Ireland, Australia, Japan, UK & North America.

    Qualifications
    MBA (Dublin, Ireland)

  • Australian Equities Team

    The team at Antares Equities has built its reputation on extensive investment management experience and insight into the Australian market.

    The decision makers in our investment team have spent on average 18 years in the industry, researching the Australian market and applying their knowledge and skills to our clients' portfolios.

    Team member profiles, are listed below:

    Glenn Hart

    Co-Head of Equities

    Key Responsibilities
    Glenn is the Co-Head of Equities. He is responsible for leading the Australian Equities team and is the Portfolio Manager of Dividend Builder and the Australian Equities Fund.

    Years with the group
    19

    Years of Industry Experience
    30

    Previous Roles
    Glenn joined the company following the merger with CGU Insurance's investment operations, where he was the Manager of Equities. Before CGU, Glenn held positions at Structured Asset Management and JBWere Asset Management

    Qualifications
    B.Com (Melb), F Fin

    Nick Pashias

    Co-Head of Equities

    Key Responsibilities
    Nick is the Co-Head of Equities. He is responsible for leading the Australian Equities team and is Portfolio Manager of the Elite Opportunities Fund and Core Opportunities Model Portfolios, and Deputy Portfolio Manager of the High Growth Shares Fund.

    Years with the group
    19

    Years of Industry Experience
    19

    Previous Roles
    Nick previously worked on a number of projects with resource companies while completing his Ph.D. in Chemical Engineering at The University of Melbourne. On completion of his Ph.D., Nick worked as a consultant with particular emphasis on efficiency improvement and process streamlining the mining industry.

    Qualifications
    B.E. (Hons) (Melb), Ph.D. (Chem Eng) (Melb), M.App. Fin (Maq)

    Richard Dixon

    Senior Investment Manager

    Key Responsibilities
    Richard is the Portfolio Manager of the High Growth Shares Fund. He is also responsible for researching the Diversified Financials, Food & Beverage and Packaging sectors.

    Years with the group
    16

    Years of Industry Experience
    22

    Previous Roles
    Richard was an Equities Dealer for AMP Asset Management for three years before he joined the company. He had previously worked as a Performance Analyst and Equities Dealer with Prudential Fund Managers.

    Qualifications
    B.Econ (Macq), F Fin

    Stephen Croft

    Senior Investment Manager

    Key Responsibilities
    Stephen is the Portfolio Manager of the Small Companies individual client mandates. He is also responsible for the Small Cap Resources sector.

    Years with the group
    21

    Years of Industry Experience
    32

    Previous Roles
    Stephen joined the company in 1998 following the merger with Norwich Investment Management, where he was Associate Director of Australian Equities responsible for managing the small companies function and general resources research. He was a Senior Portfolio Manager with Commonwealth Funds Management prior to this.

    Qualifications
    B.Sc, B.Ec

    Andrew Hamilton

    Head of Research

    Key Responsibilities
    Andrew is the Head of Research. He is also responsible for managing the institutional 50 Leaders portfolio and is Deputy Portfolio Manager for the Elite Opportunities Fund and Ex-20 Model Portfolio. Andrew is also responsible for researching stocks in the Energy and Healthcare sectors.

    Years with the group
    16

    Years of Industry Experience
    19

    Previous Roles
    Andrew joined the company after several years in London in a variety of positions with Salomon Brothers International and Nomura International. Prior to this, Andrew worked as a mechanical engineer in product design and development.

    Qualifications
    B.E. (Hons), CFA Charterholder

    Paul Dewar

    Investment Manager

    Key Responsibilities
    Paul is Co-Manager of the Small Companies Fund and is responsible for researching small cap (ex ASX 100) stocks across a range of sectors.

    Years with the group
    23

    Years of Industry Experience
    24

    Previous Roles
    Paul joined the company in 1998 following the merger with Norwich Investment Management, where he was Performance and Attribution Analyst and then Equities Dealer.

    Qualifications
    A Fin

    John Guadagnuolo

    Investment Manager

    Key Responsibilities
    John is Portfolio Manager of the Ex-20 Model Portfolio and external mandates. In addition he is the Deputy Portfolio Manager for the Elite Opportunities Fund. John is also responsible for researching stocks in the Transport, Retail and Online Media sectors.

    Years with the group
    9

    Years of Industry Experience
    16

    Previous Roles
    John was previously at Equity Trustees where he developed and ran their Australian Equity research and portfolio construction processes and was Portfolio Manager of the EQT Flagship Fund, operational head of the Asset Management Team and was a member of their Investment Management Committee where he was responsible for asset allocation research.

    Qualifications
    B.Com & B.A. (Hons), Ph.D. (Classics) (Melb)

    Stuart Wilson

    Senior Investment Manager

    Key Responsibilities
    Stuart is Co-Manager of the Small Companies Fund, and is responsible for researching small cap (ex ASX 100) stocks across a range of sectors. He also acts as a consultant for the Ex-20 Model Portfolio.

    Years with the group
    11

    Years of Industry Experience
    16

    Previous Roles
    Stuart was previously a Senior Research Analyst with Navigator Australia. Previous roles include Budget Analyst for the Department of Treasury and Finance and Policy Analyst for the Department of State Development.

    Qualifications
    B.Sc, M.App.Fin, F Fin

    Brett McNeill, CFA

    Investment Manager

    Key Responsibilities
    Brett is the Portfolio Manager of the Listed Property Fund and Deputy Portfolio Manager of Dividend Builder. He is also responsible for researching stocks in the Real Estate, Infrastructure, and Diversified Financials sectors.

    Years with the group
    11

    Years of Industry Experience
    15

    Previous Roles
    Brett was previously a Research Analyst with Navigator Australia.

    Qualifications
    B.Com (Economics & Finance) (Monash), CFA Charterholder

    Bruce Rose

    Head of Equity Dealing

    Key Responsibilities
    Bruce manages the Antares Equities centralised dealing desk. Bruce is responsible for ensuring all equities trading achieves best execution and minimum market impact across the Antares Equities suite of funds. Bruce is also responsible for managing Antares Equities index funds.

    Years with the group
    16

    Years of Industry Experience
    26

    Previous Roles
    Bruce previously worked in the Dealing and Implementation team at Lend Lease Investment Management since 1991.

    Qualifications
    B.Com (Acc), A Fin

    Vikrant Gupta

    Investment Analyst

    Key Responsibilities
    Vikrant is an Investment Analyst in the equities team and the Deputy Portfolio Manager of the Listed Property Fund. He is primarily responsible for researching stocks in the Real Estate, Retail and Developers and Contractors sectors.

    Years with the group
    4

    Years of Industry Experience
    7

    Previous Roles
    Prior to joining Antares, Vikrant was an Analyst at Russell Investments. He has also had experience in equity and quantitative analysis at Sterling Equity and Blackrock Investment Management.

    Qualifications
    Master of Financial Analysis (La Trobe), Master of Prof. Accounting (La Trobe), Bachelor of Bus. Admin (India), CFA Charterholder

    Jennifer Lam

    Investment Analyst

    Key Responsibilities
    Jennifer is an Investment Analyst in the equities team.  She is responsible for researching the Utilities, Gaming, Chemicals and Building Materials sectors.

    Years with the group
    4

    Years of Industry Experience
    12

    Previous Roles
    Prior to joining Antares, Jennifer was a Consultant at Frontier Investment Consulting, where she was a Deputy Head of the Infrastructure Research team, and a member of the International Equities Research team. Jennifer has also had experience in equity research and sales at Merrill Lynch, as well as credit risk management and global corporate finance at Deutsche Bank in Sydney.

    Qualifications
    Bachelor of Law/Bachelor of Commerce (First Class Honours) (University of Western Australia), CFA Charterholder.

    Winston Chong

    Investment Analyst

    Key Responsibilities
    Winston is an Investment Analyst in the Small Companies Fund and is responsible for researching small cap (ex ASX 100) stocks across a range of sectors.

    Years with the group
    1

    Years of Industry Experience
    6

    Previous Roles
    Prior to joining Antares Equities, Winston was an Equities Research Associate at Goldman Sachs where he covered a range of sectors including Australian industrials, infrastructure and regulated utilities.

    Qualifications
    B.Com, LLB (University of Melbourne), CFA Charterholder