MHOR appoints Equity Trustees as its RE


Financial and fiduciary service provider, Equity Trustees, has been appointed as MHOR Asset Management's responsible entity (RE), which will benefit investors, according Equity Trustees.
Equity Trustees corporate trustee services executive general manager, Harvey Kalman said: "Appointing an independent RE is a smart move, especially for an ambitious new funds management business. This has to be a clear benefit for anyone looking for a fund manager".
While the fund manager could focus on client acquisition, services and investment management, the RE would manage investors' interests and compliance, Kalman said.
It demonstrated to potential investors that the manager wanted to provide a clear delineation between the role of the fund manager and its fiduciary responsibilities, he said.
MHOR Asset Management co-founder, James Spencely, said: "For a fund to be taken seriously by investors you have to separate the job of a manager and the job of compliance and regulatory [work]".
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.