La Trobe’s diligence reaffirmed as ‘superior’

Yasmine Raso

Senior Journalist

15 January 2024

La Trobe Financial Asset Management’s (LFAM’s) Operational Due Diligence (ODD) rating from Foresight Analytics has been “reviewed and reaffirmed” as ‘Superior’.

A ‘Superior’ rating is the highest available on Foresight Analytics’ ODD rating scale and indicates “the superior capacity of an operating party to perform its operational role and assist the fund in meeting financial obligations”.

La Trobe said the affirmed rating speaks to the group’s ongoing investment in its human resources efforts and risk compliance activities, alongside its ongoing financial support from Brookfield Asset Management and strong corporate financial performance.

“LFAM has been managing retail investment funds successfully for over 30 years within the broader group, which has been operating in the space since 1952,” the firm said.

“This success is attributable to a combination of factors, including the experience and culture of its people to undertake their respective roles ethically and in line with documented processes and procedures.

“The La Trobe Financial Group has a 59-strong executive team with a high average tenure, indicative of strong team stability. The La Trobe Financial Group has continued to make new appointments (17 over the last financial year) to broaden the leadership team and internal expertise.”

As a wealth manager and credit specialist, La Trobe Financial Group’s key business line is to “originate loans” and offer institutional, wholesale and retail investors “the opportunity to invest in those loans secured by registered mortgages and other credit assets”.