Lonsec upgrades K2 Absolute Return fund
Lonsec has upgraded its rating for the K2 Australian Absolute Return Fund to ‘recommended’ as part of its Australian Long Short Sector Review.
The research house praised the quality of K2’s personnel and improved research framework and said it would maintain conviction in “the performance-oriented ‘boutique’ corporate structure and the long-term track record of downside protection”.
The fund has a 19-year track record and has been managed by the same four portfolio managers for over 12 years.
“We are extremely pleased with the outcome of this review cycle undertaken by Lonsec,” K2 Asset Management’s managing director, Campbell Neal, said.
AUTHOR
Oksana Patron
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
