WaveStone launches new fund

fund manager ASX

16 April 2014
| By Anonymous (not verified) |
image
image
expand image

Fund manager WaveStone Capital has launched a new product - the WaveStone Wholesale Australian Share Fund. 

Announcing the launch this week, the fund manager said the product was a long-only fund designed to capture increasing demand for quality and growth-styled portfolios. 

WaveStone is an Australian and New Zealand-focused equities manager established by three majority-owned principals - Ian Harding, Graeme Burke and Catherine Allfrey - and adopts an active, bottom-up investment approach. The new fund aims to outperform the S&P/ ASX 300 Accumulation Index over rolling three-year periods. 

According to Allfrey, the launch of the new-style product into the institutional investment market will be driven by WaveStone Capital's attraction to innovative and high-growth stocks at reasonable prices. 

"Over the past 15 years, the principals have refined the investment philosophy via the establishment of the WaveStone Absolute Return Fund, then the Dynamic Australian Equity Fund - to great success, and the same approach will now be applied to our new long-only fund," she said. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 3 weeks ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 3 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 3 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 week 2 days ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

1 week 1 day ago

The Federal Court has given a verdict on ASIC’s case against Dixon Advisory director Paul Ryan which had alleged he breached his director duties....

1 week ago