Ironbark Karara Market Neutral Fund upgraded to ‘Recommended’
Lonsec has upgraded the Ironbark Karara Market Neutral Fund to ‘Recommended’.
Lonsec states that a ‘Recommended’ rating “indicates that Lonsec has strong conviction the financial product can generate risk-adjusted returns in line with relevant objectives.” And with regards to the fund's rating Lonsec were “impressed by the holistic risk management methodology.” The ratings agency also described the fund's investment manager, Andrew Smith, as “passionate” and “highly capable of executing the investment process.”
"What we saw in Q1 2020 highlighted how market neutral solutions can play an important role in investors’ portfolios," Ironbark head of funds management, Alex Donald, said.
"The fund performed true-to-label during this period, which we believe is testament to Andrew’s skill managing the portfolio and the strength of this capability."