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Ashton launches Paulson funds
Boutique investment management group Ashton Advisors has today announced the launch of a number of wholesale funds providing access to New York-based fund manager, Paulson and Co.
Ashton Advisors managing director Nick Raphaely said the Ashton-Paulson funds had been designed for Australian and New Zealand wholesale investors.
He said Ashton had sought to overcome regulatory and tax issues by establishing an Australian dollar unit class and creating separate unit trusts for superannuation and non-superannuation investors.
Raphaely said that, as well, Ashton-Paulson funds had a locally based trustee (Ashton), administrator and custodian (BNP Paribas Fund Services) and auditor, PricewaterhouseCoopers.
He said Ashton was offering three Paulson products, each via an Australian wholesale unit trust structure — the Ashton-Paulson Recovery Fund, the Ashton-Paulson Credit Opportunities Fund and the Ashton-Paulson Event Driven Fund.
AUTHOR
Mike Taylor
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