Trinity investor advisory board to recommend tender process for managed funds
Trinity’s investor advisory board has notified the company that it will recommend launching a tender process for the management of its unlisted managed funds.
Trinity Funds Management currently manages the unlisted funds.
Trinity chief executive Craig Bellamy said that Trinity would pursue the right to remain as the responsible entity of the funds and was in a position to demonstrate its talent in all aspects of its funds management capabilities.
The advisory board’s recommendation was best practice corporate governance, he said.
Trinity has been working at reducing its debt levels through an asset sale program. It has recently announced it will focus almost exclusively on funds management.
Trinity’s board and management have been rocked by the resignations of its founding chairman, company founder, chief executive and deputy chief executive last month.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
