Fiani launches fund
Integrity Funds Management, the fledgling funds management company launched earlier this year by former UBS Global Asset Management managing director Paul Fiani and fellow former UBS staffer Shawn Burns, has launched an Australian shares fund.
The new product, the Integrity Australian Shares Fund, which will invest in a diversified portfolio of stocks, aims to outperform the S&P/ASX300 Accumulation Index and requires a minimum transaction balance of $50,000.
In promoting the new fund, Fiani has pointed to his track record at UBS and, particularly, his recent activist role with respect to he and Burns being “heavily involved in the rejection of the Airline Partners Australia takeover bid for Qantas after concluding that the bid price was below the inherent value in the company”.
Fiani said he and Burns saw their activism as an integral part of the process in both increasing portfolio returns and protecting clients’ interests.
AUTHOR
Mike Taylor
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