Melbourne, 3 December 2019 – LA TROBE FINANCIAL ASSET MANAGEMENT LTD’S OPERATIONAL CAPABILITY
RANKING UPGRADED TO ‘SUPERIOR’.
Australia Ratings has upgraded its Operation Capability Assessment of La Trobe Financial Asset Management Limited (La Trobe Financial), in its role as the Responsible Entity for the La Trobe Australian Credit Fund (the Fund), to ‘SUPERIOR’. This upgrade reflects the superior capacity of La Trobe Financial to perform its operational role. The Superior assessment is underpinned by La Trobe Financial’s continued focus to prudently manage the Fund and foster its growth and performance, while preserving investor capital.
Australia Ratings analyst, Natasha Hall, said, “the upgrade to the ‘Superior’ ranking reflects La Trobe Financial’s ongoing investment in its human resources and risk and compliance practices and the strengthened financial backing from the Blackstone Group.” Ms Hall added, “the ‘Superior’ assessment is also underpinned by La Trobe Financial’s continued focus to prudently manage the Fund and foster its growth and performance to current levels, whilst preserving investor capital.” Chris Andrews, Chief Investment Officer at La Trobe Financial stated "we are delighted to receive this upgraded ranking from Australia Ratings. We know that independent Research Houses, like our investors, value rigorous investment processes and management. The performance of our $4.5 billion Credit Fund is a testament to the enduring value that an experienced well-resourced team can deliver.”
La Trobe Financial Asset Management Ltd – the Responsible Entity for The La Trobe Australian Credit Fund – is wholly owned by La Trobe Financial Pty Limited and forms part of the La Trobe Financial Group of companies. The La Trobe Financial Group’s key business as a credit specialist is to originate mortgages and offer investors (institutional and retail) an opportunity to invest in mortgages and other credit assets, including mortgage-backed securities via the Fund.
FOR MORE INFORMATION CONTACT:
Daniel Antman, Director Business Development
0418 230 494
03 8080 6684