Winton Global Alpha Fund awarded top S&P rating
UK fund manager Winton Capital Management’s Global Alpha Fund has been awarded five stars by Standard & Poor’s, the agency’s highest rating.
Available to financial advisers and institutional investors in Australia exclusively through Macquarie Professional Series, the fund has generated returns of 23.5 per cent for the 12 months to July 31, 2008, compared to 18.9 per cent for the MSCI World ex-Australia (unhedged $A) index.
Adrian Stewart, head of retail distribution for Macquarie Professional Series, attributed the outperformance to the fund being an attractive diversifier within client portfolios in these difficult market conditions.
“Advisers and institutional investors are telling us that whilst they are increasing their cash holdings, they’re also seeking investment opportunities that can offer positive returns and help to manage risk within portfolios.”
He said Winton’s investment approach is a “key differentiator from other managers, with Winton’s returns tending to be uncorrelated over the long-term with returns by traditional asset classes like equities and bonds”.
“Having the ability to identify trends and take advantage of them means that investors can still achieve strong returns, even if the traditional asset classes are not performing well.”
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial managing director, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.