Yarra Capital Management has received the highest rating for its Enhanced Income fund from research house Lonsec.

The company announced that its fund has been rated “highly recommended” by the organization, indicating that Lonsec has a “very strong belief” that the fund can achieve its objectives.

This rating reflects the portfolio manager’s investment expertise and track record of prudent risk management and strong performance, effective since June 2003.

The Enhanced Income Fund aims to generate higher returns than traditional cash management and fixed income investments over the medium to long term through exposure to a diversified portfolio of hybrid (debt/equity) and fixed income securities .

It is managed by portfolio manager Roy Keenan, who is also co-head of the firm’s fixed income jointly with Darren Langer, and Phil Strano, head of credit research in Australia. This investment expertise adds strong skills and experience in credit analysis and portfolio structure to the fund, Lonsec said.

Edward Eason, managing director of Yarra Capital Management, said: “Lonsec’s further approval reflects Yarra’s relentless pursuit of risk-adjusted returns and an unwavering commitment to its philosophy and process. We congratulate Roy and the team and are excited for the continued successes to come.