Vocus Communications founder James Spenceley has hired Deutsche Bank’s former head of emerging companies research Dominic Rose.
Rose, who oversaw research coverage at Foster Stockbroking prior to Deutsche, joins Spenceley’s fast-growing MHOR Asset Management as a senior analyst.
“Dominic is well-known and respected by most in the funds management business,” Spenceley told Street Talk.
“Given MHOR is a new fund we are very lucky to get someone of Dominic’s experience to join the expanding team. It reflects the growing excitement surrounding MHOR both from investors and the industry”
MHOR has made a 2.95 per cent return for investors since inception and last week had one of its largest positions, Fantastic Furniture, taken over at a 43 per cent premium.
Spenceley and fellow Vocus director Tony Grist left the telecommunications company on October 12 after a failed proposal to oust chief executive Geoff Horth and shake-up the board.
Spenceley founded Vocus in 2008, while Grist co-founded Amcom in 1999, before the two completed a $1.2 billion merger last year.
Sarah Thompson, Anthony Macdonald, Joyce Moullakis