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Equity Trustees appointed as RE

Equity Trustees appointed as RE

Reporter

Newly-established fund manager MHOR Asset Management has appointed Equity Trustees as its responsible entity (RE).

MHOR Asset Management co-founder James Spenceley said it is important to separate the job of the fund manager from the compliance and regulatory function.

The fund manager has received around $10 million in inflows since its soft launch in August 2016.

Commenting on the appointment, Equity Trustees' executive general manager of corporate trustees, Harvey Kalman, said it was a "smart move" by MHOR to appoint an independent trustee.

"Appointing an independent RE demonstrates to potential investors that the manager is willing to invest in their business by providing clear delineation between the role of fund manager and fiduciary responsibilities," Mr Kalman said.

"While fund managers focus on client acquisition, servicing and investment management, the role of the RE is to take care of protecting investor interests and compliance."

The structure ensures the trustee is always at arm's length from the commercial objectives of the business, Mr Kalman added.

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Equity Trustees appointed as RE
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