News

Zenith rates Bennelong Kardinia Absolute Return Fund 'highly recommended'

29 July 2015

Zenith Investment Partners (Zenith) has again rated the Bennelong Kardinia Absolute Return Fund (the Fund) ‘highly recommended’, noting that the Fund ‘…is a variable beta, Australian equity long/short offering with a strong track record’.

Managed by Portfolio Managers Mark Burgess and Kristiaan Rehder, the Fund has been consistently rated ‘highly recommended’ by Zenith since their partnership with Bennelong Funds Management in 2011. Zenith states they have ‘…confidence in the ability of the Fund to deliver on its performance objectives given the high calibre of Kardinia's investment team and the attractiveness of the underlying investment philosophy and process.’

Kardinia attempts to exploit market inefficiencies through the use of a relatively concentrated, long/short strategy driven primarily by fundamental analysis. The team adopts a style neutral approach to investing with a bias towards stocks exhibiting quality attributes.

Zenith acknowledge ‘whilst Kardinia expects to generate excess returns through its high conviction, bottom-up stock selection process, a material proportion of its overall value-add is expected to be sourced from the asset allocation/risk management decision’.

 

Disclaimer: The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned July 2015) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners. com.au/RegulatoryGuidelines