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
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
