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
Zenith Investment Partners has welcomed a BDM focusing on adviser solutions in a series of appointments, while two asset managers have also confirmed new hires.
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
