Malta-based Praude Asset Management Ltd has announced that its flagship fund, Hermes Linder Fund, a sub-fund of Hermes Linder Fund SICAV, has been awarded the LSEG Lipper Fund Awards Europe 2025 Winner, Best Equity Europe Small and Mid-Cap Fund Over Five Years.

The fund placed first out of 81 funds within the same category, with a performance of +66.37 per cent over this period from 2020 until 2024 - a timeframe that encompassed major global disruptions, including COVID-19 and the Russian invasion of Ukraine.

Commenting on this achievement, Dr Antonia Zammit, CEO of Praude Asset Management, said: “Winning this award is a testament to the strength of Praude’s investment philosophy and the expertise of our team. This recognition reinforces our commitment to create long-term value to our investors whilst maintaining the highest standards in active fund management. We are honoured to receive this prestigious award once again."

Winners of the LSEG Lipper Awards are determined based on preset performance metrics, ensuring that results are free from any subjective influence or discretion.

Under the management of Avv. Massimo Malvestio, Portfolio Manager, Chairman of the Investment Committee and Founder of Praude Asset Management Ltd, the fund has demonstrated a consistently strong track record over a span of 21 years, solidifying its position as a leader in the industry.

Avv. Massimo Malvestio, a seasoned investment professional with decades of experience, has successfully guided the fund through dynamic market conditions, focusing on deep fundamental analysis, disciplined risk management, and a long-term investment approach.

As at end February 2025 the Fund had €513 million assets under management and since inception (2003) its compounded annual return is +11.46 per cent.

This milestone follows a previous triumph in 2018, when the same Fund was recognised with the Thomson Reuter Lipper Award for Best Equity Europe Small and Mid-Cap Fund Over Three Years, further underscoring Praude Asset Management’s dedication to delivering excellence for its investors.