Kardinia was formed in 2011 by Mark Burgess and Kristiaan Rehder in partnership with Bennelong Funds Management (Bennelong) to manage the Fund's strategy. Zenith considers the investment team “to be of a high calibre and was recently bolstered by the addition of Senior Analyst, Stuart Larke, in January 2016”.
The Bennelong Kardinia Absolute Return Fund aims to achieve absolute returns in excess of 10% per annum over the long-term. Zenith reports “Kardinia maintains an equal focus on meeting its performance objectives and capital preservation”. Zenith has confidence in the ability of the Fund to deliver on its performance objectives given “the attractiveness of the underlying investment philosophy and process”.
Zenith’s report also highlights the Fund is among the more dynamic variable beta strategies available to investors, able to preserve capital in falling markets by materially lowering its net equity exposure.
Kardinia’s Fund is available on an extensive list of platforms and has recently been added to CFS FirstWrap.
Disclaimer: The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2016) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines