New country head for Fulcrum Australia

Yasmine Raso

Senior Journalist, Financial Newswire

20 January 2023

UK-based Fulcrum Asset Management and its Australian distribution partner, Ironbark Asset Management, have announced the appointment of Fulcrum Australia’s new Product Specialist and Country Head, Angus Carson.

The former Regional Director at Dimensional Fund Advisors in Sydney, London-based Carson brings experience in the Australian and New Zealand institutional markets, as well as expertise from his time as Head of Superannuation and Government Institutions for BNP Paribas Asset Management Australia.

The appointment comes as Ambassador Funds Management Services, another of Carson’s former employers, had distributed Fulcrum’s strategies in the Australian and New Zealand wholesale and institutional markets since 2012, after which Ironbark took over following the purchase of Ambassador in 2019.

“I am delighted to have been given the opportunity to work with such a high-quality asset manager as Fulcrum again, having been involved with their original entry into Australia back in 2012 when I worked for Ambassador,” Carson said.

“Fulcrum’s core focus – macro investing – has really come to the fore in recent years; providing its investors with a stream of uncorrelated absolute returns through these turbulent markets.”

Joe Davidson, Managing Partner at Fulcrum, said Carson’s experience and expertise made him the ideal candidate to continue the growth, development and implementation of Fulcrum’s global macro strategies.

“Australia and New Zealand are both key markets for Fulcrum’s innovative investment proposition which is heavily underpinned by the detailed macro research we employ,” he said.

“We have now reached the point where we need a dedicated resource to work alongside Ironbark in servicing our existing clients and continue to help grow our footprint in this region. This appointment follows our expansion into other markets like the US where we are also seeing strong growth.”

“Fulcrum’s expertise as a global macro specialist has been well received in Australia and we have built a strong footprint over several years,” Alex Donald, Head of Funds Management at Ironbark, said.

“We expect the strong growth of their diversifying capabilities to continue, an outcome further supported by the appointment of Angus.”