POWERED BY MOMENTUM MEDIA
Equity Trustees becomes RE for Ventura and All Star funds
Equity Trustees (EQT) has been appointed responsible entity (RE) for thirteen funds managed by Ventura Investment Management and All Star Funds, which together form the management arm of Centrepoint Alliance.
Head of EQT corporate fiduciary and financial services Harvey Kalman said Ventura had been seeking an appropriate way to manage conflicts of interest.
EQT's business was about investor best interest, and outsourcing RE functions could help control costs and remove potential conflicts of interest, according to Kalman.
Apostle signed on with EQT as RE in July, which Kalman said was about increasing operational efficiencies. He said others sought to cut costs or outsource the function to a specialist such as EQT.
"You've always got to have someone who's looking at that best interest of investor as their primary objective," he said.
Kalman said EQT had recently been appointed as new RE for a number of boutique and international clients, including Taurus, 90 West and Eaton Vance, and were in advanced discussions with another fund manager.
Kate Mulligan, managing director of Ventura and All Star Funds, said EQT had been chosen after a lengthy review process had found switching from internal management to EQT as independent RE gave investors a higher level of protection.
The Ventura funds are multi-manager, multi-asset funds, while the All Star funds are high alpha, single manager funds with a core and satellite approach.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
