Investment Committee

John Aldersley is the Investment Manager, and has a background in merchant banking, stockbroking and investment management over 49 years. In 1992 he followed his dream to pioneer a more tax efficient form of managed fund in Australia, launching ShareInvest (in 1994) and DirectPortfolio (in 1996). Managed Accounts, using a registered managed investment scheme structure, were born in Australia (and unique to the world). This search for a “better way to own shares” used technology to create a new approach whereby an investment manager could construct and manage large numbers of portfolios via a “model’ approach, but account for each client separately for tax purposes. As of 2023 it has become a significant way people invest in Australia.

John has appeared at investment conferences and his weekly article “Diary of a Professional Investor”, ran in the Sun Herald newspaper from 1998-2004. This, together with the “The Money Race” competition, gave over 1.2 million readers insights into his stock-picking prowess over varying market conditions.

In 2007 John sold control of the business he founded. After a retirement break, in 2013 John established Aldersley Capital and commenced managing portfolios again but this time has outsourced everything else to focus on stock-picking and portfolio construction,

Michael has been active in the Fixed Income, ASX ETO and OTC markets for over 30 years as an analyst and broker at major Australian broking houses such as ANZ McCaughan and Goldman Sachs JBWere. From 2009-2019 Michael started and managed the Fixed Income and Equity Derivatives team at Evans and Partners, which included managing private and public fixed interest portfolios as well as an Equity Derivatives fund. Michael was a board member for Evans and Partners from 2015-2017. In the last 10 years Michael has sat on various investment committees in both professional and volunteer roles. Michael has a Ph.D in science from Monash University and a Masters in Applied Finance from the University of Melbourne.

Richard is the third member of the Investment Committee. Richard was an original member of the investment team at DirectPortfolio until 2008, so he is very familiar with managed account portfolios and John’s style, and is able to step in as a portfolio manager if required. These days he provides consultations to investment firms on their software needs.