The manager had a long history in fund-of-hedge-funds investing, quality investment professionals and a strong risk management focus, Lonsec said in its review.
"The fund is coming up on a three-year performance track record which compares favourably versus peers. Lonsec has confidence that the fund has the ability to meet its longer-term objectives," it said.
The Fauchier Partners Absolute Return Trust is distributed by BNP Paribas Investment Partners in Australia and New Zealand as part of a global strategic relationship.
Fauchier Partners researched over 5000 hedge funds before selecting only 35 in the portfolio.
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