Ophir appoints Perpetual as RE
Perpetual Corporate Trust has been appointed as the responsible entity (RE) for Ophir Asset Management’s High Conviction Fund.
The RE appointment was confirmed by Perpetual Corporate Trust general manger, Andrew Cannane today who said it reflected the current high demand for independent RE expertise amid new fund launches and more listed entities coming to market.
Ophir is a specialist small and mid-cap equities manager founded in 2012, managing two funds with more than $620 million in funds under management. Historically both funds have only been made available to wholesale and institutional investors as unregistered schemes. Today’s announcement means retail investors will have access to the High Conviction Fund.
“Ophir has a strong track record and a commitment to providing the best outcome for their clients – qualities that resonate strongly with our business. We are delighted to be appointed as RE and look forward to working with them in the future,” Cannane said.
Ophir investment director and head of sales, Rob Saunders said the appointment of Perpetual would enable easier access to the fund’s offering through a product disclosure statement (PDS) and allow Ophir to focus on generating investment returns.
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