All Star FUM grows
Funds management company All Star Funds believes it has managed to defy the global financial crisis to cement a foothold in the Australian funds management market.
All Star managing director Kate Mulligan said despite being launched before the start of the crisis, the manager had experienced strong inflows and now had around $80 million in funds under management.
The PIS-linked All Star announced this week that its IAM Australian Share Fund had topped the Morningstar tables for the June quarter, exceeding the benchmark by 10.65 per cent and returning 22.05 per cent for the period.
AUTHOR
Mike Taylor
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