Absolute Capital given competent rating
The business management and operating capability of Absolute Capital has been assessed as “competent” by research houseAssirt.
Assirt expressed doubt in the overall experience of the Absolute Capital team in managing hedge fund of fund portfolios, but said it expects compliance management to be strengthened with the recent appointment of an in-house legal counsel.
According to Assirt, the key strength Absolute Capital possesses is the relationship it holds with Swiss based alternative investment group RMF Investment Group, which provides Absolute Capital with hedge fund manager research and quantitative tools.
“We are pleased to see that RMF’s analytical tools and processes have quickly been captured in Absolute Capital’s own investment processes,” Assirt investment research analyst Tania South says.
Assirt believes the manager has the potential to benefit from RMF’s research capabilities in alternative investments as this relationship is developed further.
Initially supported by equity and distribution of products through AM Corporation when it launched in February 2001, Absolute Capital formed its strategic relationship with RMF Investment Group in November 2001.
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