La Trobe credit fund passes $1 billion milestone

La Trobe Financial has announced its retail credit fund has exceeded the $1 billion mark, delivering significant wealth creation for its 23,330 registered investors.

“Our investment and customer service philosophy is that we focus on investors’ interests first, and we will continue to stick to this successful path which has produced significant success for our investors,” La Trobe Financial’s chief investment officer Chris Andrews said.

“With a long track record of managing other people’s money we have steadily grown and passed the $1 billion mark being supported by a staff of over 160 offices in Melbourne, Sydney and Shanghai.

“Our conservative track record speaks for itself with not a cent of institutional investor loss in over $10 billion in mandates.”

The group created $46.5 million in wealth for its investors in the last financial year alone, La Trobe Financial president and CEO Greg O’Neill said.

“The credit fund crossing the $1 billion threshold is a real tangible contribution to the development of the Australian economy and household balance sheets,” he said.

“It now sits comfortably alongside our institutional mandates which exceed a further 3.2 billion and is one of our proudest achievements.”

[Related: La Trobe to grow Asian footprint]