POWERED BY MOMENTUM MEDIA
Lonsec highlights importance of multi-manager one-on-ones
Lonsec has highlighted the importance of one-on-ones in manager selection for multi-manager funds in its recent assessment of Russell Investments funds.
Russell's 18 multi-manager funds were 'highly commended' by the ratings house, which said the scale of its research was "well in excess of other multi-managers assessed by Lonsec".
Russell monitors approximately 8,500 funds in its manager selection process and conducted 1600 one-on-one meetings with fund managers over the year to June 2012.
It is the seventh consecutive year the investment manager has received the highest commendation from Lonsec.
"Russell has competitive advantages in its long heritage in multi-manager investing, extensive global resources and the size and experience of its research team," Lonsec said.
Russell Investments managing director for individual customers Geoff Peck said although its multi-manager approach was successful, it was one factor in Russell's overall strategy.
"Russell's multi-manager approach is a critical and core component of our offering.
"However the success of Russell's strategies is strongly under-pinned by our core capabilities in providing a whole of portfolio approach to investing; we believe this is our key differentiator," he said.
Lonsec also praised the investment manager for its product evolution and innovation, citing the company's expanded product range including the move into exchange traded funds (ETFs) and improved implementation methods, including its tracker funds.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
