Meet the Team

Our team of 20 investment professionals combines wide-ranging industry experience with a strong focus on Australian and international equities.

Chairman & Chief Investment Officer

Ashok Jacob

Ashok Jacob has over 32 years investment experience and has served as a Director and as Chief Investment Officer of Ellerston since inception4.  Ashok has held prominent positions including Chief Executive Officer of the Consolidated Press Holdings group and Managing Director of Thorney Holdings, then the investment arm for the Pratt Group. Ashok is an experienced board member and current appointments include: MRF Ltd, Thorney Opportunities Ltd, Ellerston Global Investments and Ellerston Asian Investments. Previous directorships include Crown Ltd, Publishing and Broadcasting Ltd, Challenger Financial Group Ltd, Fleetwood Holdings Ltd, Ecorp Ltd, CPH Investment Group Ltd, Folkestone Ltd and Snack Foods Ltd. Ashok was also the Chairman of Hoyts Cinemas from 1999 until 2004. Ashok holds an MBA from the Wharton School of the University of Pennsylvania (1984).


Australian Concentrated Equity Strategy

Chris Kourtis – Portfolio Manager

DSC_6339ab Responsible for leading our investment team, Chris has served as a Director and Portfolio Manager of Ellerston since 2005, and has over 31 years investment experience. Prior to joining the Manager Chris co-founded the Melbourne based Investment Management firm Portfolio Partners in 1994, where he held various positions including Director and Senior Investment Manager and was formerly the Head of Equities until January 2003. It was from that point that he gave up his role to conceive and focus on managing the highly successful Elite Opportunities Concentrated Australian Shares Fund.Prior to Portfolio Partners, Chris worked as Senior Portfolio Manager, Deputy Head of Equities and Head of Resources Strategy at County Natwest Australia Investment Management where he was responsible for the management of County’s largest specialist equity mandates.Chris has a Bachelor of Commerce degree from the University of Melbourne and is a Senior Associate of the Financial Services Institute of Australia.

Australian Market Neutral Strategy

Paul Drzewucki – Portfolio Manager

DSC_6329ab Paul joined Ellerston Capital in 2011 as a Portfolio Manager and has worked in the financial services industry for over 22 years. Prior to joining Ellerston, Paul co-founded Monterrey Investment Management and was the Managing Director and Investment Manager for 10 years, winning an Ellerston AsiaHedge Fund of the Year nomination in 2005. In 2007 his fund was nominated and won Best Asian Relative Value Fund at the EurekaHedge Masters of Hedge Awards. Before launching Monterrey, Paul was a Senior Investment Manager at Portfolio Partners (now Antares Capital), co-managing the High Growth Shares Trust – Australia’s first 125/25 fund and one of Portfolio Partners’ most successful products. He was an Investment Analyst at Towers Perrin, Asset Consulting before joining Portfolio Partners. Paul holds a Masters in Finance from RMIT University, Melbourne and a Bachelor of Electrical Engineering (Honours) from The University of Melbourne, Australia.

Australian & Asian Smaller Companies Strategy

Michael Courtney – Portfolio Manager

DSC_6548ab Michael joined Ellerston in 2008 and has 20 years investment experience. He is currently the lead Portfolio Manager for the Small Companies strategy and prior to Ellerston, Michael spent five years with the Challenger Financial Services Group as Portfolio Manager, Small Companies. Michael  holds a BCom (Finance). He is also a CFA Charterholder.

International Strategies

Mark Haet – Portfolio Manager/Investment Analyst

DSC_6560ab Mark joined Ellerston Capital in 2005 and has 22 years investment experience. Mark currently helps manage Ellerston Global Equity Managers Fund with CIO Ashok Jacob and focusses on international equities, especially the United States. Prior to joining Ellerston, Mark worked as a Senior Portfolio Manager at QBE Insurance, in charge of managing the group’s U.K. equity portfolio. Prior to joining QBE, Mark worked for Kingdon Capital in New York from 1998-2002, as a Portfolio Manager, responsible for the group’s investments in Australia, EMEA, and Latin America. From 1994-1998, he worked at Bankers Trust Australia as a Portfolio Manager in charge of the group’s Latin American investments. Mark holds a Bachelor of Arts in Economics, magna cum laude, from Duke University. He is also a CFA and an Associate of the Securities Institute of Australia.

Arik Star – Portfolio Manager – Ellerston Global Investments Ltd & Ellerston Global Investments Wholesale Fund

Arik Star Arik is a member of the investment team and is a Portfolio Manager for Ellerston’s listed investment company, Ellerston Global Investments Ltd as well as Ellerston Global Investments Wholesale Fund. Arik has over 25 years financial markets experience with 14 years of global equity investing experience.  Arik joined Ellerston in 2014. Prior to joining Ellerston, Arik was a principal of Kira Capital, a private Melbourne based investment management firm with a focus on global equities that he founded in 2005. Previous experience included working with Ashok Jacob while they were both at Consolidated Press Holdings and prior to that, Thorney Holdings, which Arik joined in 1996. In addition to specific investment management experience, Arik has broad investment experience, having also worked in corporate advisory, project and structured finance and merchant banking roles. Arik has a Bachelor of Banking and Finance degree from Monash University.

Mary Manning – Portfolio Manager – Ellerston Asian Investments Ltd

DSC_6370ab Mary is a member of the investment team and is a Portfolio Manager for Ellerston’s listed investment company, Ellerston Asian Investments Ltd. Mary has over 16 years investment management expertise and joined Ellerston in 2012. Mary first worked in Asia in 1997 and has been investing in the region since 2001. Prior to joining Ellerston Capital, Mary worked at Oaktree Capital in New York and Singapore. In Singapore, she was the sole person responsible for financial sector investments for the firm’s Global Emerging Markets Hedge Fund. Mary also worked as an investment analyst at Soros Fund Management in New York, the investment vehicle of George Soros. She focussed on investments in the financial sector in the US, Asia, including Japan and Europe. Mary has a PhD in Economics and an MBA from Harvard Business School.

4 Ellerston Capital was not established until 2004. Prior to that money was managed as part of Consolidated Press Holdings Group.