Zenith rates Man top for DA
Research house, Zenith Investment Partners has rated Man Group's Man Diversified Alternatives (DA) fund as top of its sector.
The fund received a ‘recommended' rating from Zenith and was ranked number one in the research house's 2015 Multi Strategy and Fund of Hedge Funds Sector Report.
Zenith rated 19 multi strategy funds on a range of issues including the structure of the manager's investment team, information resources, philosophy, investment process, portfolio construction and risk management.
Following the announcement that Man DA had maintained its ‘recommended' rating and topped its class, Man GLG senior portfolio manager, David Kingsley, said: "We are delighted that the Man DA fund had the highest ranking in Zenith's multi strategy category".
"Many of the strategies in the fund are ‘alternative' investment strategies, meaning they do not necessarily rely on the appreciation in value of traditional assets such as stocks, property and bonds to generate a return," he said.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
