Basis Capital awarded top rating
Two of Basis Capital’s funds have been rewarded with a coveted five star rating from research house Standard and Poor’s.
The alternative fund manager’s Aust Rim Fund and Yield Fund were handed S&P’s highest star rating yesterday, following the latest review of the group.
Both funds had previously been rated five stars, but S&P fund analyst Simon Scott praised the group for improving on its business systems and processes over the past years.
“We have reviewed Basis Capital’s investment process, team and risk management, and continued to find that it is very strong. Basis has invested heavily in internal systems, allowing the identification and ongoing diligence of each underlying credit in the portfolio,” he said.
The Aust Rim fund is a long/short strategies vehicle, while the Yield Fund invests in the structured credit market.
“Since our last review, Basis has continued to strengthen its investment and risk management teams with new hires, positioning itself ahead of any turn on the market cycle,” Scott said.
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