We offer a variety of non-traditional investment solutions, including multi-manager strategies and real-asset investments. This broad range of investment strategies can improve clients’ portfolios by offering the potential for stronger absolute returns and lower levels of volatility, thanks to greater diversification.

Our Approach

We believe that alternative investments should form a key part of a client’s portfolio, complementing its existing components while adding value – whether that’s by investment management skill or asset exposure. With this belief in mind, we offer a range of solutions to our clients.

We also believe in an active multi-manager approach for an alternatives allocation, recognising the importance of diversification in terms of both manager and style. Furthermore, our approach includes an ongoing review and assessment of the overall blend of approaches.

Our range of alternative strategies presents our clients with options that are appropriate for a diverse spectrum of investment goals, preferences and objectives. We seek to manage asset class correlations to enhance risk-adjusted returns and reduce the volatility of the investment portfolios of which they are a part.

Our approach is based on identifying alternative investment opportunities, developing products and services to meet client needs, and partnering with established and proven alternative firms. These elements are combined to achieve the outcomes that our clients demand. 

Reasons to invest

As well as delivering a proven track record of performance, we differentiate our alternative capabilities in the following ways;

  • Controlling costs: To ensure the best terms for our clients, we use our global buying power and scale to access preferential pricing and collaborate with external managers not easily accessible by individual investors. This lets us gain access to those funds and products that best suit our client requirements and at a lower cost than otherwise available.
  • Risk management excellence: Leveraging work we have done as a firm to analyse traditional, non-traditional and enterprise risks, we have the ability to holistically manage risk types typically associated with alternative investments. Such risks include investment, liquidity, operational and organisational factors. We dedicate substantial resources to ensure our risk management professionals, platforms and processes are among the best in the industry. Our independent risk and quantitative teams work alongside our alternatives team to monitor and manage risk.
  • Diversify portfolios and enhance returns: With low correlations to traditional asset classes, alternatives can be a beneficial way to diversify your portfolio, improving the risk and return profile of a portfolio.

 

Our Products

All of our investment strategies are underpinned by our proprietary research. We currently offer the following alternative strategies which can be tailored to suit client specific objectives:

  • Multi-Manager Target Return Fund: The Multi-Manager Target Return Fund seeks capital appreciation with an emphasis on absolute return by investing in a number of high quality global managers. The underlying funds invest in a wide range of assets, using a variety of investment strategies. This fund aims to achieve a return of 4% over cash, measured over a rolling four-year period.
  • Absolute Alpha: The fund has at its core specific return and volatility targets, and invests in a range of uncorrelated hedge fund strategies managed by global best-in-class managers. This fund aims to achieve a return of 4% over cash, measured over a rolling four-year period.
  • Irish Infrastructure Fund: The Irish Infrastructure Fund, which is co-managed by AMP Capital, experts in the field of infrastructure investments, invests directly in a diversified range of infrastructure assets in Ireland. The fund aims to provide long-term investors with a stable return, from a combination of income yield and capital growth, by investing in a portfolio of infrastructure assets which underpin the Irish economy. Examples of the fund’s current holdings include the Convention Centre Dublin, eNet/Airspeed and a portfolio of primary care centres.
  • Put-Write Strategy: Launched in early 2017, our Put-Write Strategy offers a opportunity to achieve both attractive risk-adjusted returns and income. Investors earn a premium by selling put options, which is an effective means of diversifying developed-market equity exposure and return sources while generating regular income. We combine a quantitative and research-based approach with a disciplined process to target equity insurance risk premia – while managing downside risk.

 

Our team

Our team of alternative investment managers leverages their skill and experience to deliver a range of solutions that are highly adaptable and tailored to meet the real needs facing investors today.

Key Contacts

 

  • Anthony MacGuinness

    Head of Quantitative Strategies & Deputy CIO +353-1-856-3285 Email

    Anthony is a member of the Executive Management team and the Fund Management Executive, holding overall responsibility as Head of the Quantitative Strategies Group. He leads the research and development of ILIM’s quantitative investment strategies and portfolio solutions for the institutional and retail market.

    In recent years, Anthony and his team have been responsible for developing ILIM’s range of multi-factor active equity funds and risk management strategies, including the Dynamic Share to Cash and Global Low Volatility Strategies. In addition, his team is responsible for ILIM’s flagship multi-asset fund range (MAPS). He has broad multi-asset experience, having previously worked in senior portfolio management roles within ILIM, where he was responsible for advising clients on asset allocation and liability management decisions.

    Prior to joining ILIM, Anthony worked in quantitative research roles for Irish National Treasury Management Agency (NTMA) and Pioneer Investment Managers. He holds a primary degree in Economics from Trinity College Dublin and holds both the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.

  • Darragh O’Dowd

    Head of Multi-Asset Solutions +353-1-704-2048 Email

    Darragh has been appointed as Head of ILIM’s Multi-Asset Solutions Team. He is responsible for the overall design and management of Irish Life’s MAPS, Ireland’s fastest growing retail multi-asset solution. Darragh and his team are also responsible for helping our clients, across all distribution platforms, design portfolios congruent with their specific objectives and constraints.

    Darragh joined ILIM in 2007 as a Quantitative Analyst within the Quantitative Strategies Group and in 2016 was made Head of Portfolio Solutions. Darragh has lectured at UCD Michael Smurfit Graduate Business School on the MSc Finance, MSc Quantitative Finance and MSc Aviation Finance curricula and     prior to joining ILIM, worked as a research assistant and lectured various courses at UCD School of Business including Corporate Finance, Econometrics, and Financial Modelling.

    Darragh earned a Bachelor of Commerce (BComm) from University College Dublin in 2000, a master’s degree in Quantitative Finance from UCD Michael Smurfit Graduate Business School in 2002, and a master’s degree in Statistics (MSc) from UCD in 2013. He holds both the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.

  • Peter Haran

    Head of Multi-Asset Strategies +353-1-704-1200 Email

    Peter Haran has been appointed to the position of Head of Multi-Asset Strategies at ILIM. Peter joined ILIM and was appointed to ILIM’s Executive Fund Management group as Head of Alternative Strategies in November 2014. In that role Peter was responsible for the management and development of ILIM’s alternative investment capabilities, including the Multi-Manager Target Return Fund, the Absolute Alpha Fund and the Irish Infrastructure Fund.

    Prior to joining ILIM, Peter worked at the National Treasury Management Agency as Head of Investment Strategy for the National Pensions Reserve Fund (NPRF). Prior to his career at the NTMA, Peter was a Portfolio Manager with IIU Asset Strategies for over nine years. During that time, Peter was Fund Manager to the IIU European Long/Short Fund and the IIU Breakout Managed Futures Fund.

    Peter holds a bachelor’s degree in Applied Mathematics from Dublin City University and a master’s degree in Computer Applications, also from Dublin City University.

  • Ronan Bradley

    Head of Quantitative Research +353-1-704-2958 Email

    Ronan leads the Research team within the Quantitative Strategies Group, responsible for researching, back-testing and implementing quantitative investment strategies across a variety of asset classes.

    Within the equity space, he has led the research agenda which now covers over 100 proprietary factors and developed ILIM’s multi-factor stock selection model. In the area of foreign exchange, he has developed the last two iterations of ILIM’s currency model. Within asset allocation, he has developed the Dynamic Share to Cash model, a core component of ILIM’s multi-asset funds, and more recently a Bond-Cash model for sovereign fixed income strategies. Other research areas include the development and deployment of asset risk models and portfolio optimisation tools. 

    Prior to joining ILIM, Ronan earned a PhD in Electromagnetic Modelling (TCD), a master’s degree in Theoretical Physics (TCD), and a BSc. in Physics and Applied Mathematics (QUB).

  • Paul Murray

    Quantitative Portfolio Manager +353-1-856-3759 Email

    As a member of the Quantitative Research team, Paul is responsible for the ongoing identification and refinement of ILIM’s proprietary factor model inputs and multi-factor modelling approach. Since joining ILIM, he has led several research projects, including ESG factor identification.

    Paul has over 10 years of investment experience at leading buy-side institutions. Prior to joining ILIM, he worked for Callisto Asset Management, a systematic equity market neutral fund manager, where he was a Senior Research Analyst and Portfolio Manager responsible for the development and oversight of investment strategies.

    He also held a quantitative research position at Fidelity International, where he was involved in the development of global equity strategies and was co-lead on the systematic-based optimised and passive fund mandates, which held a combined AUM of c. $3 billion. Before joining Fidelity, Paul spent four years as a senior member of the Quantitative Equity team at Pioneer Investment Management, where he was responsible for alpha strategy development and portfolio management of the Pioneer European Quant Equity fund ($1billion AUM).

    Paul has an MSc in Quantitative Finance from University College Dublin, and a BSc in Financial & Actuarial Mathematics from Dublin City University. He also holds the Investment Management Certificate (IMC) from the CFA Society of the UK

  • Ruoxi Dong

    Quantitative Portfolio Solution Analyst +353-1-856-3768 Email

    Ruoxi has worked in ILIM’s Quantitative Strategies Group since June 2015. He is primarily responsible for portfolio modelling as part of the Portfolio Solutions team. This includes simulation, backtesting, research and implementation of modelling methodologies, along with modelling system maintenance. 

    Prior to joining ILIM, Ruoxi obtained a BSc in both Mechanical Engineering and Mathematical Finance from Xiamen University China over the course of 2010-2014. He graduated with first class honours in MSc Quantitative Finance at UCD Michael Smurfit Graduate Business School, Ireland in 2015.

  • Brian Faley

    Senior Portfolio Manager +353-1-856-3609 Email

    Brian joined ILIM in 2012 and is a Senior Portfolio Manager in the Portfolio Solutions team. He is responsible for the development and management of multi-asset solutions, portfolio modelling and product research and design.   

    Brian previously worked on ILIM’s Indexation team, where he was responsible for managing a range of equity, fixed income and fx hedged indexed funds.

    Prior to joining ILIM in 2012, Brian spent three years as an investment analyst with Johnson & Johnson where he was responsible for the management of Johnson & Johnson’s money market investments.

    Brian has an MSc in Business Analytics from UCD Smurfit Business School, a B.A. Honours degree in Business & Economics from Trinity College Dublin and is a CFA charterholder.

  • Shane Murphy

    Alternatives Portfolio Manager +353-1-704-1200 Email

    Shane joined ILIM in August 2006 and is a senior Alternatives Portfolio Manager

    He has a BA in Mathematics from TCD, as well as master’s degrees in Quantitative Finance (UCD) and Investment & Treasury (DCU). 

    Prior to joining ILIM in 2006, Shane began his career in Naspa Dublin in 2003, where he worked as a credit analyst.  Upon joining ILIM, Shane worked in the Quantitative Strategies team for ten years before moving to his current role in the Alternative Strategies team.

  • Kuda Damba

    Alternatives Portfolio Manager +353-1-704-1200 Email

    Kuda Damba joined Irish Life Investment Managers (ILIM) in October 2019 and is an Alternatives Manager on the Alternative Strategies team.

    Prior to joining ILIM, Kuda worked for Davy on the Portfolio Construction team within the Private Clients division and as a dealer in Bank of Ireland’s Corporate & Markets division. 

    Kuda holds a Bachelor of Arts degree in Business and Economics from Trinity College Dublin and she graduated with a first class honours Master of Science degree in Quantitative Finance from Smurfit Business School. She also holds the Chartered Financial Analyst® (CFA®) designation.

  • Alan Duffy

    Quantitative Portfolio Manager +353-1-704-2114 Email

    As a member of the Quantitative Strategies Group, Alan is responsible for development projects involving the teams systematic investment strategies with focus on High Yield Equity.

    Alan has over 10 years of investment experience at tier 1 institutions. Prior to joining ILIM, he worked in the proprietary trading group of Credit Suisse AG, where he was Portfolio Manager responsible for arbitrage strategies. Alan started his career at UBS AG where he completed the graduate training program and worked on the trading floor as an Equity Trader managing a client and proprietary trading book.  

    Alan has an MSc in Finance from Warwick Business School, and a BSc in Economics & Finance from University College Dublin. Alan holds the Chartered Financial Analyst( CFA) designation.  

  • Jack Delany

    Quantitative Portfolio Manager +353-1-856-3693 Email

    Jack joined ILIM in 2018 and is a quantitative portfolio manager within the Quantitative Strategies Group.

    Prior to joining ILIM, Jack worked for RPMI Railpen in London where he was responsible for strategic asset allocation and investment modelling across a range of multi-asset funds.

    Jack holds a BA Economics from Trinity College Dublin and an MSc Finance from Warwick Business School. He is a CFA charterholder.

  • Leonie MacCann

    Senior Multi Asset Portfolio Manager Email

    Leonie joined ILIM in 2020 and is a Senior Multi Asset Portfolio Manager in the Portfolio Solutions team.

    Prior to joining ILIM, Leonie worked for IBM in their in-house asset management team covering the non-US pension plans. This covered strategic asset allocation, manager selection and portfolio management of a number of pension plans and in-house funds. Before this Leonie worked with Davy in their Private Clients business and spent a number of years as an investment consultant with Willis Towers Watson.

    Leonie earned a B.A. Honours degree from Trinity College Dublin in Economics and Philosophy, a Masters in Finance from Cass Business School London and is a CFA charterholder.

  • Sarah Lewis

    Quantitative Analyst Specialist Email

    Sarah joined ILIM in 2020 as a Quantitative Analyst Specialist within the Quantitative Strategies Group. As a member of the Portfolio Solutions team, Sarah is responsible for modelling portfolios for our clients across all distribution platforms.

    Prior to joining ILIM, Sarah graduated with a first class honours Bachelor of Science degree in Financial Mathematics from University College Dublin.

  • Tim Howes

    Quantitative Investment Analyst Email

    Tim joined ILIM’s Quantitative Strategies Group as a Quantitative Investment Analyst in 2021. He is responsible for supporting fund performance and new strategy development through undertaking quantitative studies and analysis.

     Tim has an MSc in Computational Mathematical Finance from the University of Edinburgh and a BSc in Financial Mathematics from University College Dublin.

  • Max Manning

    Quantitative Investment Analyst Email

    Max joined ILIM in 2021 as a Quantitative Investment Analyst within the Multi-Asset and Quantitative Strategies Group. Max has responsibilities across both Multi-Asset Solutions, and Multi-Asset Strategies teams, including financial modelling, due diligence of prospective alternative managers and quantitative research.

    Max holds a B.Sc. in Engineering from University College Dublin and graduated with first class honours and distinction from the M.Sc. Finance at Trinity College Dublin.

How can we help?

Irish Life Investment Managers (ILIM) is the appointed asset manager to Irish Life Group Limited. ILIM is committed to innovating and leading the market with best in class investment solutions designed to meet the specific investment needs of our clients. Call us at: +353-1-704 1200 or email [email protected]

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