Subsequently, Advance has hired Mary Feros as portfolio manager of the aforementioned funds. Zenith has now conducted discussions with Feros and senior members of the Advance Asset Management, and performed thorough analysis. After careful consideration, Zenith has assigned an “Approved” rating to each Fund.

 Zenith’s View
Zenith believes Mary Feros is a strong addition to the team and replacement candidate for Dustin Adams. Feros brings over 20 years of industry experience, and prior to joining Advance she was Joint Investment Director at 452 Capital.

Feros will work closely with Dimitra Voutas, interim portfolio manager, to ensure a smooth transition. Zenith rates the Fund “Approved”.

The post Zenith rates Advance Multi-Blend Funds appeared first on AdviserVoice.

The change was implemented in mid-June. 

Advance has stated the decision to change managers was to increase the multi-blend fund’s ability to adapt to short-term expected market volatility and to take advantage of the current investment climate. This also reflects Advance’s active management approach to protect investors’ interests and deliver its return objectives. 

As part of the changes, the Colonial First State mandate is terminated while the Perennial allocation is halved. In addition, Aberdeen Asset Management and AMP Capital Investors Ltd are added to the blend. 

11 July 2012

The post Advance Australian Fixed Interest Multi-Blend Fund rating unchanged appeared first on AdviserVoice.

The product is designed to mitigate historical issues of investing within FOHFs. Namely, to provide investors improved liquidity, diversification, transparency, and reduced overall fees.

In our view, the New York-based alternative investment specialist RASL provides local investors with an experienced institutional-quality manager able to deliver on the investment objectives of the offering through efficient access to a diversified portfolio of alternative investments.

“Advance and RASL have combined to offer Australian investors a more efficient access to alternative multi-strategy investing while maintaining the diversification benefits of investing within alternative investments. Through the use of ‘alpha managers’, alternative beta replication, managed accounts, rules-based ‘algorithmic’ strategies, and hedging overlays, the offering seeks more efficient access to a given strategy for liquidity, cost, transparency, and performance,” said S&P alternatives sector head Michael Armitage.

The post S&P assigns Four-Star ‘NEW’ Rating to Advance Alternative Strategies Multi-Blend Fund appeared first on AdviserVoice.