Tender process for Trinity funds underway
Trinity Funds Management’s Investor Advisory Board (IAB) has met with a number of institutional investors in Trinity’s unlisted managed funds to discuss implementing a tender process for the management of the funds.
The IAB said an independent committee — Investors Representative Committee — was formed to deal with the tender process and meet with Trinity’s directors, with the IAB disbanding as a result.
Earlier this month, the board notified Trinity of its intention to appoint a responsible entity to take over management of the funds. The external institutional investors present at the meeting with IAB said the tender process “should be conducted independently” of Trinity and any individual investors in the unlisted funds.
The new committee will discuss Trinity’s own proposal to continue management of the unlisted funds.
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