Katana Australian Equity Fund upgraded by SQM
Australian equity manager Katana Asset Management has had its Australian Equity Fund upgraded to 4 stars by SQM Research.
The fund is a benchmark-unaware, long-only portfolio that seeks to outperform the ASX All Ordinaries Accumulation Index.
“We are very pleased with the upgrade to four stars. This outcome is great recognition for the work the team has put in to managing the portfolio and focusing on get the best possible outcome for our investors,” said Romano Sala Tenna, portfolio manager at Katana.
The Katana Australian Equity Fund provided investors with a 20.27 per cent return in the 12 months to 30 September, outperforming its benchmark by 5.59 per cent.
Sala Tenna said he was particularly happy that SQM Research recognised the low volatility of the fund compared to the market and its peer group.
“Performance tables very rarely show the quality of the return, but for us, generating strong risk-adjusted returns are paramount,” he said.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.