EQT becomes RE for Pentalpha fund
Equity Trustees has been appointed the responsible entity (RE) for Brisbane-based staff-owned investment manager, Pentalpha.
Announcing the appointment, the company said the Pentalpha product, Income For Life Fund, had the key objectives of capital preservation, an attractive yield (including franking) and capital growth.
It said that as Australia's first growth annuity fund it was primarily structured for the conservative wholesale/retail/institutional investor looking for defensive exposure to high-yielding Australian shares who can use franking credits.
Commenting on the appointment, Equity Trustees executive general manager, Corporate Trustee Services, Harvey Kalman said Pentalpha was building a strong reputation after launching its Income For Life Fund, the first of its kind in the Australian market.
Recommended for you
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
