Responsible Entity
We are a Responsible Entity/trustee for a number of managed investment schemes and unlisted trusts for wholesale/sophisticated investors. We invest and manage unlisted funds in asset classes including securities, managed funds, mortgages, cash and fixed interest. Our style is to act as a “manager of managers”. This means we will blend underlying investment managers to actively manage fund investments.
As a manager of managers, we are responsible, not just for identifying competitive investment managers, but also monitoring the fund’s underlying asset portfolio. The investment manager(s) chosen by us operate and manage specific classes of assets. We require investment manager(s) appointed by us to have a structured and transparent approach to asset selection and investment management. To be selected, an investment manager will have:
- Specific experience in the relevant asset classes;
- A strong record with recognised performance;
- An appropriately constructed portfolio; and
- Robust investment and risk management processes.
We review selected investment manager(s) to ensure we continue to offer a quality range of investment managers for our funds. As part of this review process, we may remove or add an investment manager. We may do this at any time and in some cases, without notice. In regards to an Investment Policy of a fund, our aim is to deliver consistent and regular returns to investors via quarterly distributions, although returns are not guaranteed. Together with our investment manager(s), we select investments based on their ability to maintain their capital value and deliver a return within the defined risk parameters.
A significant amount of research and analysis is undertaken to arrive at what we consider to be the optimal portfolio construction that will maximise returns to investors. Our emphasis is on a clear and consistent investment process and use a “value bias” when selecting asset classes and investment manager(s). This means our investment philosophy is based on the belief that investment markets may be inefficient over the short to medium term and that, over the long term, the market value of any investment will tend to reflect its underlying inherent value.