S&P puts Hunter Hall funds 'on hold' following departure
Following the departure of Jack Lowenstein, deputy CIO and senior portfolio manager, Standard & Poor's Fund Services placed six of the seven Hunter Hall funds on hold.
Lowenstein had been with Hunter Hall for 14 years, and was considered a key team member managing approximately one fifth of Hunter Hall's firm-wide assets under management, according to S&P.
"S&P will meet with Hunter Hall next week, and seek to understand how Mr. Lowenstein's investments will be managed, before reviewing the 'On Hold' ratings," said Justine Gorman, analyst at S&P Fund Services.
The Hunter Hall funds affected by the announcement include: Australian Value Trust, Global Ethical Trust, Global Deep Green Trust, Global Ethical Trust Hedged, Asian Value Trust and the Value Growth Trust.
Hunter Hall announced yesterday that with Lowenstein's departure, long-standing senior portfolio manager James McDonald had been appointed to the position of deputy CIO.
The company said it had a long-standing succession plan to handle eventualities such as Lowenstein's departure.
Recommended for you
The Australian Wealth Advisors Group has completed two strategic investments, doubling its number of authorised representatives and increasing its FUMA by more than $1 million.
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
