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NEWS > INVESTMENT
Asgard and IOOF add Patriot funds
Friday, 5 December 2008 12:30pm
By Ruth Liew  |  In Investment

While some fund managers are now struggling to get their business to advisers, the little publicised Aussie equities boutique Patriot Asset Management's products have won places on Asgard and IOOF's platforms.

Melbourne-based Patriot is part of the Fisher Graham Group and specialises in Australian equities.

The Patriot Small Companies Fund was recently approved by Asgard on the Ewrap and Mastertrust menus, while its Australian Share Fund was given the tick by IOOF on the menus of Pursuit Select, IOOF Portfolio Service, LifeTrack, and IOOF Personal Choice.

Since its inception in 2005, the Patriot Small Companies Fund has returned 10.91 per cent per annum, beating its benchmark of 3.51 per cent.

During the same period, the firm's Australian Shares Fund also outperformed its 2.29 per cent benchmark by achieving 2.43 per cent returns.

Patriot's investment style is to approach buying stocks as though the firm was buying the entire underlying businesses.

The firm's investment model banks on high quality companies, with its portfolio managers focusing on the key drivers of their revenues, profits and cash flows.

"We focus on individual business valuations rather than the overall level, direction and momentum of the market," said Patriot.

"We are now seeing investors slowly reentering the market to take advantage of value not seen in two decades. The unprecedented dislocation in capital markets caused by the global credit crisis has presented us with tremendous investment opportunities," said Peter Purpura, managing director of Fisher Graham Financial.

Both funds are also available through BT, Macquarie, Beacon and Ausmaq platforms

Patriot's parent company, Fisher Graham Financial secured a $161.7 million mandate from QIC in March for the firm's specialist Asian markets investment partner, Yeoman Capital Management.

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