Financial and fiduciary service provider, Equity Trustees, has been appointed as MHOR Asset Management’s responsible entity (RE), which will benefit investors, according Equity Trustees.
Equity Trustees corporate trustee services executive general manager, Harvey Kalman said: “Appointing an independent RE is a smart move, especially for an ambitious new funds management business. This has to be a clear benefit for anyone looking for a fund manager”.
While the fund manager could focus on client acquisition, services and investment management, the RE would manage investors’ interests and compliance, Kalman said.
It demonstrated to potential investors that the manager wanted to provide a clear delineation between the role of the fund manager and its fiduciary responsibilities, he said.
MHOR Asset Management co-founder, James Spencely, said: “For a fund to be taken seriously by investors you have to separate the job of a manager and the job of compliance and regulatory [work]”.
