Kardinia holds ‘highly recommended’ rating



Bennelong Kardinia Absolute return fund has retained its ‘highly recommended' Zenith rating for the fifth consecutive year, according to the ratings house.
Zenith Investment Partners reported that "[the Kardinia investment team] was of high calibre and recently bolstered by the addition of senior analyst, Stuart Larke, in January 2016".
Zenith also highlighted that the fund was among others that preserved capital in falling markets, as it materially lowered its net equity exposure.
"Kardinia maintains an equal focus on meeting its performance objectives and capital preservation," Zenith said.
The ratings house also admired the managers' underlying investment philosophy and processes.
Kardinia was founded in 2011 by Mark Burgess and Kristiaan Rehder, in partnership with Bennelong Funds Management.
The Bennelong Kardinia Absolute Return Fund aimed to provide an absolute excess return of 10 per cent per annum, over the long-term, Bennelong said.
Recommended for you
Betashares chief executive, Alex Vynokur, has said that the firm is focused on financial advisers “more than ever” as it grows the business, having announced a merger with managed account provider InvestSense.
L1 Capital has confirmed it intends to vote against the conversion of the Platinum Capital LIC into a listed ETF, meaning the deal “has a high probability of failing” due to L1’s substantial shareholding.
Pinnacle Investment Management has continued its focus on international expansion with the appointment of a managing director from T. Rowe Price.
Financial research firm Wealth Data, which publishes the weekly financial adviser numbers, has been sold to fintech firm Padua Solutions.