MIR moves into IMAs
Specialist trading firm Tricom Equities had struck a deal with Australia’s most talked about fund manager, MIR Investment Management, to provide it with model portfolios for its Individually Managed Account (IMA) service.
The IMA service is to be sold through financial planners and will offer investors access to an Australian equities and a long/short absolute return portfolio.
Diversified balanced and conservative income funds may be added in the near future, Tricom product manager Graham Parkes said.
The minimum investment in the MIR-backed IMA service is $500,000 with a management expense ratio of 1 per cent.
This year MIR, which is headed up by ex-Lazard Asia Pacific founder Michael Triguboff, took out Money Management’s Fund Manager of the Year awards for Australian Equities and Rising Star.
“With MIR at the helm you’ve got … excellent historical returns, and a high quality, robust investment process to back it all up. In managed accounts it doesn’t got much better than that,” Parkes said.
Triguboff was unavailable for comment this morning.
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