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Watermark market neutral fund approved by AMP

Watermark market neutral fund approved by AMP

Tim Stewart
— 1 minute read

Watermark’s market neutral trust has received a tick of approval from AMPs advice research function, paving the way for its inclusion on AMPs MyNorth platform.

AMP Advice Research has completed its review of Watermark Fund Management's market neutral trust, effectively clearing the way for AMP advisers to recommend the fund.

Commenting on the announcement, Watermark chief operating officer Tim Bolger said sources of genuinely uncorrelated returns is "increasingly difficult" for advisers.

"Our market neutral trust provides a portfolio construction tool for planners that offers attractive returns while materially reducing share market beta," Mr Bolger said.

"Approval of the fund by AMP Advice Research is indicative of a broader acceptance from the financial planning community, of the benefits that hedge fund strategies offer.

"Our local hedge fund industry is home to some of the most talented investment managers in the world, providing advisers with a range of appealing fund solutions for their clients."

 

Watermark market neutral fund approved by AMP
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