Eiger Capital has had its Eiger Australian Small Companies Fund upgraded to highly recommended by Lonsec.
The fund is a high conviction, style-neutral, actively managed fund and Eiger reports it has returned 26 per cent per annum (net of fees) since inception in March 2019.
Lonsec boosted the rating of the fund based on the investment team's expereince and long record of working together. They also cited the portfolio's ownership of the majority of the equity in the business as a positive as it aligned their interests with those of the other investors.
"We have had a pleasingly strong start since we launched in 2019 and recognition such as this will help us continue to build momentum in the retail market," Eiger Capital principal and portfolio manager Stephen Wood said.