Foord Asset Management (Singapore) has appointed Equity Trustees as local responsible entity (RE), bringing Australian investors access to high conviction and value-driven equity strategies.
Foord began as an investment manager in South Africa with Dave Foord having founded Foord Asset Management in 1981, and it had since expanded its footprint to Guernsey in 1997, Singapore in 2012, Luxembourg in 2013, and now Australia.
The new Foord Global Equity Australian Feeder Fund would invest exclusively in the Foord SICAV- Foord Global Equity Fund (Luxembourg) which comprised a diversified portfolio of global equities that aimed to achieve a higher total rate of return than the MSCI All Country World Net Total Return index without assuming greater risk.
Russell Beasley, executive general manager of corporate trustee services at Equity Trustees, said Equity Trustees was pleased to be selected by Foord.
“We are excited to start working with Foord and their long-established investment team,” Beasley said.
“Equity Trustees is proud to bring many years of local and international funds governance experience to Foord Asset Management’s equity capability.”
Agnes Cai, chief executive at Foord Asset Management (Singapore), said: “At Foord, investment management is about managing risk. Central to our philosophy is the preservation of capital through the cycle.
“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.”
