AZ Sestante fund gets ‘recommended’ rating
The recently-launched Sestante Australian Small Companies Fund has received a “recommended” rating from Lonsec.
The investment manager for the fund, Sigma Funds Management noted that the AZ Sestante-backed fund had received its “recommended” ratings as part of a broader Lonsec review.
The fund was launched on 1 March this year, in conjunction with fellow Azimut subsidiary, Sigma Funds Management which is acting as the responsible entity.
The fund is managed by Issam Eid, Rajeev de Silva and Stephen Giubin, who have been together for 10 years running this capability at Sigma and previously at Credit Suisse.
The fund invests primarily in stocks outside the Top 100 and typically holds between 45 and 55 stocks.
As part of its recent Australian Smaller Companies review, Lonsec assigned the fund a “recommended” rating, noting the strength of the experienced small cap team.
AUTHOR
Staff Writer
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
