Cooper Investors appoints Equity Trustees RE in wake of strong advisor interest

From

Peter Cooper

Cooper Investors, the Melbourne-based specialist global equities fund manager, has appointed Equity Trustees to be the Responsible Entity (RE) for its two global funds in response to strong interest from advisors and their clients.

Cooper Investors, which has funds under management of approximately $11 billion, will now be positioned to offer investment in its two global funds, the CI Global Equities Fund and the CI Global Equities Fund (unhedged), to retail investors via platforms.

Cooper Investors, which has funds under management of approximately $11 billion, will now be positioned to offer investment in its two global funds, the CI Global Equities Fund and the CI Global Equities Fund (unhedged), to retail investors via platforms. Currently, those funds are only available by direct investment to wholesale investors. Cooper Investors Managing Director, Peter Cooper, says: “There has been strong interest in our global funds among high net worth investors and their financial advisers, and in

Cooper Investors Managing Director, Peter Cooper, says: “There has been strong interest in our global funds among high net worth investors and their financial advisers, and in response we have taken steps to make it easier for them to invest in these two products.”“In taking this initiative, we were conscious that, as a specialist global equities fund manager, we must maintain our focus on investing. We believe the appointment of Equity Trustees as the RE is the best way to facilitate this investment offering to a wider audience at this time.”

“In taking this initiative, we were conscious that, as a specialist global equities fund manager, we must maintain our focus on investing. We believe the appointment of Equity Trustees as the RE is the best way to facilitate this investment offering to a wider audience at this time.”Cooper Investors, which began operations in 2001, manages six pooled wholesale trusts invested in both domestic and international equities for a wide range of clients, including large pension and superannuation funds, listed Australian companies, religious institutions, governments, school endowments, charities and high net worth families.

Cooper Investors, which began operations in 2001, manages six pooled wholesale trusts invested in both domestic and international equities for a wide range of clients, including large pension and superannuation funds, listed Australian companies, religious institutions, governments, school endowments, charities and high net worth families.Equity Trustees Executive General Manager, Corporate Trustee Services, Harvey Kalman, says he is pleased to be partnering with Cooper Investors and working with them to improve access to their funds. Appointing an independent RE is a move that provides investors with a framework familiar in overseas jurisdictions.

Equity Trustees Executive General Manager, Corporate Trustee Services, Harvey Kalman, says he is pleased to be partnering with Cooper Investors and working with them to improve access to their funds. Appointing an independent RE is a move that provides investors with a framework familiar in overseas jurisdictions.“Appointing an independent RE demonstrates to potential investors that the manager is willing to invest in their business by providing

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

“This has to be a clear benefit for investors – a manager that has made the decision to have an independent RE makes a commitment to an independent trustee that is always at arm’s length to the commercial objectives of the business,” Mr Kalman says.To further support the wider availability of its funds, Cooper Investors has appointed Andrew Hall to lead its Retail Distribution capability.

To further support the wider availability of its funds, Cooper Investors has appointed Andrew Hall to lead its Retail Distribution capability.Hall brings a broad experience in retail investing to the group, having worked closely with financial planners, dealer groups, investment platforms and retail research houses over his career.

Hall brings a broad experience in retail investing to the group, having worked closely with financial planners, dealer groups, investment platforms and retail research houses over his career.For the past

For the past decade he worked for K2 Asset Management as Head of Distribution, where he initiated and implemented its successful move into the retail market, and before that at the BT Financial Group.

“It’s an exciting time to be joining Cooper Investors as it increases the availability of its global funds. Cooper Investors has built an enviable reputation in the wholesale market since inception in 2001, and is now able to give retail investors the same opportunity to tap into its global offerings.

“Cooper Investors has been investing in international equities for the past 10 years, and now retail investors can benefit from the investment teams’ experience.”

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