NAOS APPOINTS DAVID RICKARDS TO CHAIR NEW EMERGING COMPANIES INVESTMENT FUND
30th November 2012: NAOS Asset Management (NAOS), one of Australia’s top performing investment firms since 2005*, is today announcing the appointment of David Rickards as Independent Chairman of the Company’s new investment fund – the NAOS Emerging Opportunities Company Limited.
Mr Rickards is known notably for his recent position as Executive Director at Macquarie Group, where he was Head of Research and Strategy Globally. He is also a former Consultant for the financial analysis firm Barra International and was responsible for their entrance into the Australian marketplace.
Sebastian Evans, NAOS Asset Management Fund Manager said: “Mr Rickards holds over twenty five years equity market experience at the highest level, and is an authority on the Australian and international equities markets. We are pleased to announce him as Independent Chairman, which is unique for any Listed Investment Company.
“The new fund has been established to provide investors with high quality, transparent and concentrated exposure to emerging companies that are listed outside the S&P/ASX 100 Accumulation Index. It presents an exciting opportunity to generate risk-adjusted returns in the emerging company space. Mr Rickards’ market and leadership experience will be integral to the success of the Fund,” said Mr Evans.
Mr Rickards added: “The new fund presents an excellent opportunity to fill a gap in the listed investment company landscape. I look forward to providing the expertise to help meet the Funds’ investment objectives,” he said.
Mr Rickards holds a Masters of Business Administration, majoring in Accounting and Finance from the University of Queensland. He also holds two Bachelor degrees, one in Engineering (Civil and Structural) from the University of Sydney, and a Bachelors degree in Science (Pure Mathematics and Geology).
He will continue to serve as Managing Director of Social Enterprise Finance Australia and a Director at Bush Heritage Australia.
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About NAOS Asset Management:
Naos Asset Management is a fully funded, award winning boutique investment firm that specialises in investing in undervalued smaller companies through the Naos Emerging Companies Long/Short Equity Fund. Naos is a privately owned company originally founded in 2005 by three former directors of Southern Cross Equities, who remain as shareholders today along with a number of well-known individuals in the market place. Naos currently has $XXM under management (November 2012).
*Since its inception in 2005, NAOS has been recognised as Australia’s top performing long / short investment firm. The NAOS EMERGING COMPANIES LONG / SHORT EQUITY FUND has been named: Best Performing Hedge Fund in the Asia-Pacific Region by Bloomberg in 2009; Best Performing Hedge Fund in Australia by the Australian Financial Review in 2009 and 2010; and is ranked in the top 5 equity funds throughout Australia by Morning Star Data Research over 3, 5 and 7 year returns (as at the end of September 2012).
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