Equity Trustees has announced it has been appointed as local responsible entity (RE) for the Foord Global Equity Australian Feeder Fund.
The new fund from Foord Asset Management invests exclusively in the Foord SICAV Foord Global Equity Fund (Luxembourg) made up of a diversified portfolio of global equities.
According to Foord, the fund aims to achieve a total rate of return above the MSCI All Country World Net Total Return Index without assuming greater risk.
“We are excited to start working with Foord and their long-established investment team,” said Equity Trustees executive general manager of corporate trustee services, Russell Beasley.
“Equity Trustees is proud to bring many years of local and international funds governance experience to Foord Asset Management’s equity capability.”
Foord was originally established in South Africa by Dave Foord in 1981 before expanding to Guernsey in 1997, Singapore in 2012, Luxembourg in 2013 and to Australia this year.
Mr Foord currently serves as CIO of the firm, overseeing more than $10 billion in global assets under management.
“At Foord, investment management is about managing risk. Central to our philosophy is the preservation of capital through the cycle,” said Foord Asset Management Singapore CEO, Agnes Cai.
“Foord believes that minimising the permanent loss of capital is paramount to generating superior long-term returns. We are pleased and excited to work with Equity Trustees to offer the adaptable, high-conviction, value-driven equity strategy fund to Australian long-term investors.”
