All Star line-up increases
Retail fund manager All Star Funds is to launch an international share fund in July to add to its existing All Star Income Fund and All Star IAM Australian Share Fund.
In addition, a manager for the All Star International Share Fund is set to be appointed imminently from a current shortlist of three overseas based managers.
Managing director Kate Mulligan said local researcher Morningstar was in the final stages of the selection process for the three managers, two of which are based in London and one in Edinburgh.
Mulligan said all three short-listed managers had the “hallmarks of quality that we’re looking for in the international space, making the selection process difficult”.
Essentially, All Star is looking for a “high alpha manager that seeks to actively manage and tends to be less benchmark constrained and aware”, she said.
The launch of the new fund follows the recent launch of two multi-manager funds by All Star’s fellow specialist fund manager within Professional Investment Services (PIS), Ventura Investment Management.
The Ventura Global Opportunities Fund and the Ventura High Group 100 Fund were launched in response to adviser demand for greater diversity and an increase in international exposure.
AUTHOR
Recommended for you
A former AMP adviser told the Federal Court how they are scared to turn off their phone after a fellow adviser attempted suicide as Justice McElwaine said the 92 objections “weighed heavily” on his mind.
Providence Wealth Advisory Group has appointed a new chief investment officer, a dedicated position after the role was previously held by its CEO.
While hiring new staff in a financial advice practice inevitably incurs expenses, Striver’s Alisdair Barr says the greater business cost can come from losing the skills of a valuable team member.
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
