S&P Sets up Fund Ratings Team in Australia

MELBOURNE, Australia (HedgeWorld.com)-- Standard & Poor's has combined its fund ratings team with that of recently acquired ASSIRT as it organizing a rating group by sector for Australia.

The merging of the ratings teams follows S&P's acquisition of ASSIRT from St. George Bank in February.

Analysts will be responsible for S&P's fund credit ratings and for ASSIRT's qualitative ratings on fund management with additional services being offered as client demands dictate.

Sector heads will be assigned among five areas of coverage: boutiques and small caps; multi-managers and multi-sectors; international equities; alternative assets and structured products; and fixed income and fund credit ratings and Australian equities.

"We have combined the best of the Standard & Poor's and ASSIRT research teams, with analysts averaging 10 years of financial market experience," said S&P Head of Fund Ratings Mark Hoven in a statement. "We are confident that organizing the team along sector lines will ensure high-quality and consistent client services delivery."

In the coming weeks, officials plan to consult with dealer groups and fund managers to get feedback on an enhanced rating methodology.


Contact Bob Keane with questions or comments at: bkeane@investmentadvisor.com.
Reprints Discuss this story

Most Recent Videos

Video Library ››