First State Investments has tapped Tal Lomnitzer as a manager within its global resources team.
Lomnitzer joins First State from Merchant Capital where he founded and managed the Merchant Global Fund. Prior to that he ran resources and energy funds for NewSmith Capital and ORN Capital. He was also a fund manager and buy-side equity analyst at Deutsche Asset Management, where he worked within the global energy team.
Lomnitzer, who took up his new post earlier this week, is based in the First State's London office where he will work alongside analyst Pete Campbell on First State’s £767 million global resources fund. The fund has returned 91.34% over three years.
Joanne Warner, First State's head of global resources, said in a statement:
“Tal has 13 years’ experience in buy-side global resources research and investment. He brings extensive knowledge in both long and short investing strategies within global resources equities. His location in London, working alongside analyst Pete Campbell will improve the team’s real-time coverage of the UK, European and North American markets which are critical to our global investment philosophy.”