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
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.
Lonsec’s deputy CIO Deanne Baker has highlighted what investment tools the firm is harnessing to mitigate the impact of geopolitical risks in its managed account offerings.
