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Ophir AM appoints Perpetual as RE

Ophir AM appoints Perpetual as RE

Jessica Yun
— 1 minute read

Small- and mid-cap equities investment manager Ophir Asset Management has appointed Perpetual Corporate Trust as responsible entity (RE) for the Ophir High Conviction Fund.

The appointment of Perpetual as RE means the fund will now be made available to retail investors, according to Ophir Asset Management co-founder and portfolio manager Andrew Mitchell.

“We understand the hurdles for these groups in accessing unregistered schemes and have taken the initiative to appoint an RE for the High Conviction Fund and issue a PDS in order to allow easier access,” Mr Mitchell said in a statement.

“We’ve been incredibly fortunate since establishing Ophir to have received early support from a number of institutional super funds and family offices.

“As a result, we historically only offered the funds as wholesale unregistered schemes. This will be the first Ophir fund made available to retail investors.”

Perpetual Corporate Trust general manager Andrew Cannane said Perpetual was delighted to be appointed as RE and looked forward to working with Ophir.

“Ophir has a strong track record and a commitment to providing the best outcome for their clients – qualities that resonate strongly with our business,” Mr Cannane said.

Ophir investment director and head of sales Rob Saunders said, “The appointment of Perpetual as RE will enable easier access to the offering through a PDS and will also allow us to concentrate on doing what we do best – generating strong returns for our investors.”

Founded in 2012 by former Paradice Investment Management portfolio managers Andrew Mitchell and Stephen Ng, Ophir Asset Management manages over $620 million across two small- and mid-cap investment funds.

 

Ophir AM appoints Perpetual as RE
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