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
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
Flows into Australasian sustainable funds have moved back into outflow territory in the second quarter of 2025 driven by US$400 million in redemptions from passive funds.
