“Technological innovation is the key to grow market share across financial services. It is this leading edge innovation in product design and delivery that saw Laminar Credit Opportunity Fund win the Victorian Innovation in Funds Management Award”, says Professor Ralston, Executive Director of the Australian Centre for Financial Studies at the Melbourne Financial Services Symposium in Melbourne yesterday.
The Victorian Innovation in Funds Management Award (VIFMA) is proudly sponsored by the Victorian Government and is well placed to encourage best practices and recognise firms who have successfully met the challenges, engaged with stakeholders and achieved performance outcomes.
In judging the shortlisted finalists, VIFMA chair, John Gall OAM advised “Laminar was chosen because of its innovation in targeting the SMSF sector offering fixed interest investment opportunities not normally available and at the same time providing small companies with funding, difficult to access from other sources.”
“It is hard to overstate the impact of technology across financial services. It will generate the need to re-evaluate the core relationship between fund managers, advisers and their clients. With Australia being the largest Funds Under Management market in the Asia-Pacific and third largest in the world, it is in a position to be a key driver of innovation and thought leadership”, says Professor Ralston.
On behalf of the Australian Centre for Financial Studies and the Victorian Government we congratulate Chris Black and his team at Laminar on winning this year’s Victorian Innovation in Funds Management Award.
A special commendation was given to La Trobe Financial Asset Management’s Parent to Child (P2CTM) Fund to recognize it innovative approach to meet real everyday needs – assisting and facilitating parents to provide for their children and to ensure shelters over heads.