Morningstar confirms nine long-short fund recommendations
Morningstar has confirmed its recommended rating for six Australian equities strategies and three global equities strategies, following a survey of fund managers that use short selling in their portfolios.
The survey was intended to see how restrictions imposed this week on shorting both domestically and globally have affected the ability of these fund managers to manage their share portfolio in search of alpha.
“We are in continuing dialogue with these fund managers, and monitoring how the restrictions on short-selling are affecting their investment management abilities,” senior research analyst Chris Douglas said.
“In all these cases we’re comfortable about the fund manager’s ability to run a long-only portfolio,” he said.
Strategies with a recommended rating are: Acadian Wholesale Global Equity Long Short, Colonial First State FC and PM Capital Absolute Performance.
Platinum International has a highly recommended rating.
Investment grade rated funds are: EQT SGH Absolute Return, Optimix Wholesale — Australian Share, PM Capital Australian Opportunities, Portfolio Partners Personal High Growth Shares, and Tribeca Australian Equity Long Short.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
