Boutique fund recruits from Rest Super

Boutique investment house, Prime Value Asset Management, has strengthened its equities team with the appointment of Mike Younger as a portfolio manager.

Younger joins from Rest Super where he was the portfolio manager covering small-cap stocks.

Before that, he held roles as executive director and head of small and mid-cap research at Goldman Sachs, and a director and head of emerging growth research at Citigroup Australia.

Prime Value founder and chief executive Yak Yong Quek, said Younger brings great research ability and portfolio management experience to the investment team.

"{The firm} now has a dozen experienced portfolio managers with a strong track record, and excellent teamwork built around our high performing culture emphasising risk management."

He added that Prime Value's small and micro-cap funds recently surpassed $200 million in funds under management.

"Demand for our small-cap funds continues to grow, performance has been consistently strong, and Mike will help us to take it to the next level."

Younger will work closely with Richard Ivers, portfolio manager for small-cap strategies including the outperforming Prime Value Emerging Opportunities Fund.

"I've known Mike Younger for many years. He is a talented and experienced small-cap stock picker, and will be a fantastic addition to our team."

Younger's appointment follows the hiring of Benjamin Mellody as an equities analyst last year.The Prime Value Emerging Opportunities Fund is currently open to retail investors.

The asset manager is part of an investment group including Shakespeare Property Group, managing over $2 billion in equities, income securities, direct property, and alternative assets.