Asteri Asset Management: ACF’s new investment advisors
20 Aug 2024
Australian Communities Foundation (ACF) is pleased to announce the appointment of Asteri Asset Management as the new investment manager for our 100 per cent responsibly invested portfolio.
As Australia’s largest independent wealth management firm, Asteri manages over $12 billion of client assets, including $3 billion for non-profit and philanthropic clients.
The announcement comes after a rigorous and comprehensive tender process, where Asteri emerged as the clear choice from a pool of highly qualified candidates, said Daniel Brugaletta, ACF’s Chief Financial and Operations Officer.
“Asteri’s credentials as investment advisors and stewards of philanthropic capital are exemplary. Throughout the tender process, Asteri stood out for their deep expertise and strong alignment with our values and mission.
Daniel also took the opportunity to thank the Brightlight team for their exceptional service as ACF’s investment advisors over the past five years. “We are grateful to Brightlight, who oversaw the successful transition of our portfolio to 100 per cent responsible investing.”
The Australian Communities Foundation Board has also endorsed the partnership with Asteri, recognising the firm’s leadership in responsible and impact investing.
Craig Whitfield, Partner at Asteri Asset Management’s Philanthropy & Social Capital division, said the firm was excited to bring its expertise to further bolster ACF’s position as a responsible investing leader.
“We are thrilled to be partnering with Australian Communities Foundation to manage its investment portfolio, with a strong emphasis on responsible investment and impact. This partnership is a testament to our longstanding relationship and alignment in values towards philanthropic giving, which has always been a fundamental part of Asteri’s DNA,” Craig said.
With this new partnership marking an exciting chapter for our responsible investing journey, there will be opportunities for our giving community to meet the Asteri team and learn more about our shared approach to responsible investing.
“Through a rigorous investment approach aligned to the values of ACF, Asteri is committed to playing an active role in the organisation’s vision for a fairer and more sustainable Australia,” said Asteri Partners Fallon Wilkinson and Verity Langford. “We look forward to meeting with the ACF giving community in the months ahead.”
Read more at communityfoundation.org.au .
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