Former Chairman of the Colombo Stock Exchange (CSE) and Finance Commission Ajit de S. Jayaratne, corporate leader Dian Gomes and Oxford-educated Wealth Manager Arosha Gunasekera have launched Innovest Investments (Pvt) Ltd., a new investment management company offering expert services to both institutional and individual clients looking to invest in the stock market as well as Fixed Income Securities such as Corporate Bonds and Treasury Bills.
"Innovest seeks to insulate client portfolios from significant losses by transferring funds to Fixed Income Securities when prolonged adverse equity market conditions are anticipated," according to a company statement.
Innovest will manage client portfolios for a stipulated duration with all investment decisions taken in consultation with the Investment Committee guided by Mr. Jayaratne. "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," it said. |
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