Rating Release
Agusto & Co. hereby assigns a B+(IM) rating to Assetium Capital Management Limited (“ACML” or “the Manager”).
The rating expires on 27 September 2024.
Agusto & Co. hereby assigns a B+(IM) rating to Assetium Capital Management Limited (“ACML” or “the Manager”). The rating reflects the Manager’s experienced decision-making committees and access to good quality information on commodity prices. However, the rating is impaired by ACML’s limited operational track in managing third-party funds, the absence of a dedicated research function, inadequate segregation of duties across key functions and the limited documentation of procedures to manage investment and operational risks. We have also considered the growing uncertainty in the macroeconomic environment, which has the potential to heighten business risks, particularly for a young company.
