Agusto & Co assigns an Investment Manager rating of “BBB(IM)” to Growth and Development Asset Management Limited. The rating expires 30 April 2018
Agusto & Co has assigned a rating of “BBB(IM)” to Growth and Development Asset Management Limited (“GDL Asset Management” or “the Manager”).
The rating of GDL is supported by the Manager’s experienced investment committees, established decision making processes with multi layers of approval and good quality research output.
The Manager uses an oracle based application software for recording and reconciling trade transactions. However, the system has limited applications for risk management and compliance as restricted trades may only be flagged-off post trade.
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 GDL 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
This rating release is transmitted to you for the sole purpose of dissemination through your newspaper/magazine/agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit given to Agusto & Co.