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.
