The ‘Recommended’ rating indicates Lonsec’s conviction that the fund can achieve its objectives and, if applicable, outperform peers over an appropriate investment timeframe.

The LHP Diversified Investments Fund is a fund of hedge funds which invests in a range of specialist international managers with diversified underlying hedge fund strategies, including; relative value, long/short equity, market neutral equity, credit, fixed income, and global trading.  Its main objective is to achieve consistent absolute returns with a low correlation to traditional markets over the investment horizon (3-5 years).

The Lonsec report noted that the LHP fund’s performance over the 3 years to 30 April 2012 has been in line with the fund’s performance objectives, showing returns of 10.06% p.a. (versus a peer average of 4.52% p.a.).

In its review of the fund Lonsec endorsed the LHP investment team, reporting that they are of a high quality. Lonsec acknowledged that LHP has spent significant time and resources developing its managed account platform and regards this to be a key strength of the LHP Diversified Investments Fund.  Lonsec supports the use of managed accounts for their associated benefits of transparency and control over assets.

CEO of Certitude Global Investments, Craig Mowll, said:

“We are thrilled with Lonsec’s rating, in particular their acknowledgement of the strength of LHP’s management team and their use of managed accounts. Lonsec’s endorsement of both LHP’s process and people is a strong affirmation for our business.”

Certitude Global Investments has been responsible for distributing LHP Diversified Investments Fund in Australia for 11 successful years.

27 July 2012

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