La Trobe Financial is a credit specialist Fund Manager established in 1952, with 125 staff and has managed over $10 billion of institutional and retail investors’ monies. Australia Ratings has assigned a “Strong” rating covering a number of operational components, performance, financial adequacy and stability of the La Trobe Financial Group’s Wealth Management Division.
Unlike many other mortgage funds, the La Trobe Australian Mortgage Fund (the Fund) has never frozen or restricted redemptions or reduced distributions due to liquidity concerns. Tight control over its operating policies has enabled the Fund to continue operating while other mortgage funds ceased.
This is the first time that Australia Ratings has rated the Fund. Australia Ratings commented in the report: “The ownership structure, restrictions on related party lending, consistent performance in difficult market conditions and stable processes and procedures are considered by Australia Ratings to represent a Very Strong designation on the Operational Capability Assessment ranking scale.” The report further stated: “The Fund’s consistent performance is attributed to sound management of risk and compliance management, systematic governance, and a stable financial profile.”
La Trobe Financial has also been strongly rated by other independent Rating Houses:
• Lonsec – Recommended
• Zenith – Recommended
• SQM Superior Research – 4 Stars
Several Rating Houses have now similarly identified the “Strong” capability of La Trobe Financial as a fund manager, identifying the key strengths of its experienced and skilled individuals, a demonstrated strong track record of performance, even in a volatile economic market, and the underlying structure of the investments. Australia Ratings points out in its report: “The governance framework is very strong and committees comprise experienced and skilled individuals who have a demonstrated strong track record. “
Randal Williams, Senior Vice President and the Group’s Chief Wealth Management Officer stated “we are very pleased to receive the recognition from Australia Ratings.”
Williams was particularly pleased with the Fund’s recognition of his “experienced staff and diligent management team [which] have demonstrated a consistent and prudent approach in managing the fund.” Williams further commented “that we stick to what we know best and we do it extremely well.”
Greg O’Neill, President & CEO of La Trobe Financial stated that he was very proud to receive this recent rating recognition from Australia Ratings of the company which is really a culmination of a great many number of decades of hard work by many individuals. O’Neill stated “we stick to innovative products to meet our clients’ investment objectives.”
La Trobe Financial will be making further announcements over the coming weeks, and is in active discussions with a number of asset consultants regarding our product offering.
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Visit us at www.latrobefinancial.com.au