Top professionals form investment mgt firm
Three individuals who have performed exceedingly well in their respective careers have formed a boutique investment management company, offering services to those who look to invest in the Colombo Stock Exchange (CSE) as well as fixed income securities such as corporate bonds and Treasury bills.
The firm, which was named Innovest Investment, is headed by business leader Dian Gomez (Chairman), former CSE Chairman Ajit de S. Jayaratne (Director) and Oxford-educated Wealth Manger Arosha Gunasekera (Director).
According to a statement issued by the firm, Innovest Investment will offer clients, both institutional and individual, investment management services by a highly skilled and accomplished team who utilizing state-of-the-art analysis software will identify certain undervalued stocks with high growth potential as well as the most profitable fixed income options.
“Innovest strives to insulate client portfolios from significant losses by transferring funds to fixed income securities when prolonged adverse equity market conditions are anticipated,” the statement said.
It also said that Innovest will fully manage client portfolios for a stipulated duration with all investment decisions taken in consultation with the Investment Committee guided by director, Ajit Jayaratne.
“With a corporate culture that revolves around ethical principles, Innovest will be employing an equitable service strategy with a strong emphasis on performance-based commission as opposed to a per transaction basis which generates commission regardless of the accuracy of the advice given.”
“Innovest considers it a core principle to serve all clients with equal respect regardless of investment capacity.
In order to maintain service quality, all clients will be met by the CEO who will explain the services offered, in an elaborate manner. Client portfolios are then customized in accordance with the client’s risk appetite and belief systems and then managed by Innovest,” the statement noted.
Innovest accepts new investments and also facilitates the transfer of existing portfolios at no additional cost. The Investments will at all times remain under the name of the client, with HSBC acting as the custodian of the funds, while being actively managed by Innovest over the stipulated contract period.
The company implements a rigorous portfolio monitoring and risk management process, ensuring that all investments are made in a systematic and responsible manner. The company aims to act in the best interest of their clients at all times, with highest regard for the fiduciary responsibilities involved, while pursuing the best possible returns on behalf of them. Innovest hopes to provide a personalized and genial service based on strictly principled business practices.