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.
Recommended for you
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
