Agusto & Co. assigns an Investment Manager rating of “BBB+(IM)” to First Ally Asset Management Limited.
Agusto & Co has assigned a rating of “BBB+(IM)” to First Ally Asset Management Limited (‘FAAM’ or ‘The Manager’). Asset Managers rated “BBB+(IM)” are considered to have ADEQUATE investment and risk management capabilities.
The rating is supported by the experience and qualifications of the investment management team; adequate systems in place, and established processes.
FAAM utilises the Infoware Enterprise Resource Planning software (“Infoware”) which is suitable for automated deal execution, monitoring and reporting. Infoware ensures segregation of duties in order to minimize operational risk during deal execution. Infoware also offers a cohesive view of FAAM’s data throughout the data life-cycle. However, the Manager’s systems are evolving, presently characterized by insufficient automation in systems for risk management.
FAAM’s investment committee has considerable experience about 14 years on average in investment banking and investment management. The Manager also has established deal execution processes sufficient for the level of investments undertaken.
Notes to release
An INVESTMENT MANAGER rating of “BBB+(IM)” indicates an Investment management company considered to have ADEQUATE investment and risk management capabilities
The scope of the rating is limited to the investment and risk management functions of First Ally Asset Management Limited.
The opinions expressed in this rating release do not represent investment or other advice and should therefore not be construed as such. Visit www.agusto.com for further information
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