Boutique manager and global and emerging equities specialist, GQG Partners LLC has appointed Equity Trustees as its responsible entity (RE).
According to GQG’s local representative, Stephen Bramley, outsourcing the RE function by the company was a commercial decision which would allow it to focus more on serving Australian and New Zealand investors.
Additionally, Equity Trustees previously worked closely with GQG in launching both GQG Partners Global Equity Fund and GQG Partners Emerging Market Equity Fund.
GQG Partners, which was founded a year ago by ex-Vontobel chief investment officer, Rajiv Jain and in partnership with ASX-listed Pacific Current Group, had $US4.5 billion, as of 30 April, in assets under management with clients from the United States, United Kingdom and Australia.
However, the Australian market where GQG Partners managed to attract in excess of $1 billion since its launch would remain its key focus, the company said.
Equity Trustees’ executive general manager, corporate trustee services, Harvey Kalman, noted that the independent RE model was well recognised by those who operated overseas.
“It is accepted practice in most regulatory regimes and the model adopted to ensure that the integrity of their wealth management industries is secure,” he said.
“Our role is to take full responsibility for ensuring the fund is operating within the legal framework and that its governing constitution is flexible as it needs to be as well as providing certainty for investors, allowing the fund manager to solely focus on its investment strategy.”
