Kardinia Absolute Return Fund goes retail
Boutique funds management house Bennelong has made its Kardinia Absolute Return Fund available to retail investors.
The company announced the move this week, saying the minimum investment for retail investors would be $20,000.
The long short Australian equity fund is managed by Kardinia Capital, which is majority-owned by co-portfolio managers Mark Burgess and Kristiaan Rehder in partnership with Bennelong Funds Management.
Commenting on the move to retail, Bennelong Funds Management chief executive Jarrod Brown said he had been pleased by the level of interest in the fund to date.
"The fund has had strong performance since its inception in May 2006 when it operated under another trustee," Brown said.
Since inception, the fund has delivered an annualised compound return of 14.44 per cent against an annualised compound benchmark return of 5.27 per cent.
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