Rating Release

Agusto & Co. hereby assigns a BBB+(IM) rating to Anchoria Asset Management Limited (“AAM or “the Manager”).

The rating expires on 1 October 2027.

Agusto & Co. hereby assigns a ‘BBB+(IM)’ rating to Anchoria Asset Management Limited (‘AAM’ or ‘the Manager’). The rating reflects the Manager’s well-documented investment guidelines, good quality research output, as well as experienced and qualified leadership and decision-making committees. The rating also reflects a good organisational structure with adequate segregation of duties and clearly defined reporting lines with support from an emerging financial services group. The rating is, however, constrained by gaps in the investment risk management processes which resulted in sizeable exposures to unrated counterparties, the underperformance of two collective investment schemes and the absence of an independent director on AAM’s board.