Australian Eagle Trust Long-Short Fund upgraded
Australia Ratings has upgraded the Australian Eagle Trust Long-Short Fund to Superior citing the "experience and credentials" of a stable investment team, as reasons for the upgrade.
The fund invests in Australian equity using a combination of long-short, high alpha and high-conviction investment styles. Australia Ratings has also assigned a product complexity indicator of 'Yellow' to the fund, which indicates it is a complex financial product.
"The rating reflects the experience and credentials of Australian Eagle’s stable investment team, and confidence in their ability to effectively implement a robust and disciplined investment process," Australia Ratings’ analyst, Maggie Callinan, said.
"The rating also indicates the confidence of Australia Ratings that the Trust will continue to deliver a strong risk-adjusted return”.
The trust was launched in 2016 (and launched as retail fund in April 2019) and is available to wholesale investors only.