MFSS2011 Victorian Innovation in Funds Management Award Winner

The Victorian Innovation in Funds Management Award recognises a Victorian fund manager that has established successful business operations in Victoria, is predominately managed by its owners and can demonstrate innovation in their business model, risk management, operational processes, investment products and contributed to developing skill sets across the industry to the benefit of a broader community.

LA TROBE FINANCIAL SERVICES with their POOLED AUSTRALIAN MORTGAGES FUND

The winner could not be more Victorian in its pedigree, having been established in the Latrobe Valley in 1953.   It is 100% owned by the son of its founder and the chosen fund has been in operation for two decades.

The La Trobe Pooled Australian Mortgages Fund is different to many other mortgage funds in that it did not freeze redemptions in 2008/09, and this has assisted it to outperform all peers over 1, 3 and 5 years. The core of its innovation is that since 2004 it has had a 12 month term for initial investment combined with a monthly liquidity window which is available after 12 months.

La Trobe is a true boutique in the sense that it operates in a niche where it’s focus is on non-standard, high margin, not easily securitized loans.

Congratulations.