Equity Trustees appointed RE to London-based River and Mercantile fund

Harvey Kalman

Equity Trustees has been appointed the responsible entity (RE) for the newly launched River and Mercantile Global High Alpha Fund.

London-based River and Mercantile Asset Management LLP is a new client for Equity Trustees, which now also has an office in London to service clients in the UK and Europe.

“We’re pleased to be chosen to support River and Mercantile to grow its presence in the Australian market,” said Harvey Kalman, Executive General Manager, Corporate Trustee and Fund Services, Equity Trustees.

The Fund aims to achieve capital growth by primarily through global equities identified as having a prospect of superior long term growth by River and Mercantile investment managers.
It already counts the legal community’s $3 billion+ superannuation fund, legalsuper, as its first investor, and is available to Institutional clients in Australia, including Trustees of superannuation funds, pooled super trusts, family offices, foundations and endowments.

Equity Trustees is pursuing growth in its  Fund Services business, meeting the market demand to provide service to fund managers  who have a global outlook – whether they originate overseas like River and Mercantile, or are Australian fund managers looking to export offerings in the UK and Europe.

“There is a real need for seamless independent RE services as fund managers grow and seek to operate across international borders,” said Mr Kalman.

“River and Mercantile can concentrate on their investment strategy confident the governance and administration details are in the hands of Australia’s leading independent RE provider with nearly 20 years’ experience – and now with capability based in London which means we bring an even better understanding of their business to the partnership.”