Tilney Smith & Williamson director Alena Kosava has joined Avellemy as its head of collectives.
Kosava (pictured) will report to investment director Steven Lloyd and will be responsible for developing and strengthening Avellemy’s in-house fund research capabilities, overseeing the quantitative and qualitative due diligence processes for collective investment vehicles, spanning open-ended and closed-ended funds and ETFs.
She will also be on the senior management team responsible for constructing Avellemy’s MPS and Oeic range.
Avellemy said Kosava’s appointment is reflective of the firm’s recent growth. Launched in 2014, the DFM MPS sister company to Ascot Lloyd added 3,300 clients and £634m worth of assets in 2020, and now has £1.9bn in funds under management.
Lloyd said of Kosava’s appointment: “Alena joins at an important point of our growth story, as we look toward expanding our services to third parties. We look forward to working closely with Alena to develop our proposition and deliver the innovative solutions that our clients need.”
Kosava previously worked as an analyst on the UK equity team at Tilney Smith & Williamson which manages £8bn worth of model portfolios and multi-asset fund-of-fund strategies.
Kosava said: “As the firm continues to grow and enter the next stage of its evolution, I am excited to be a part of the team building out in-house capacities and adding value by selecting the best managers. Working closely with Steven and the broader investment team, I look forward with great anticipation to where the business is headed.”
Avellemy appointed investment industry veteran Graham Bentley as chair in November to aid its growth strategy, build the team and create and lead business development initiatives.
Avellemy’s assets under management doubled from £547m in 2018 to £1.2bn in 2019, with a 25% increase in profits after tax from £1.2m in 2018 to £1.5m in 2019.
