Harvest Lane Asset Management has selected Equity Trustees as the new responsible entity for two of its funds.
Based in Sydney, Harvest Lane has a focus on generating positive returns on capital, regardless of economic conditions. Equity Trustees this month took over as responsible entity for the flagship Harvest Lane Asset Management Absolute Return Fund and the Harvest Lane Asset Management Absolute Return Plus Fund.
Russell Beasley, Executive General Manager, Corporate Trustee Services, Equity Trustees, said the group was pleased to be adding Harvest Lane to its growing suite of corporate trustee clients.
“We are delighted to have been selected as RE for these two funds. This is the first time we have worked with Harvest Lane Asset Management, who have established a strong reputation and track record in the absolute return sector in Australia,” he said.
Luke Cummings, Chief Investment Officer and Managing Director, Harvest Lane Asset Management said: “At a time of record M&A activity in Australia, we are uniquely positioned to benefit as one of the only pure-play exposures to this thematic within the Australian market.”
“Investors and their advisors are starting to recognise the benefits of having exposure to M&A as part of a diversified portfolio and we look forward to working with a service provider of the calibre of Equity Trustees as we continue to grow our business.”
Equity Trustees has continued to expand its Corporate Trustee Services in recent years, with its UK ACD, UCITS Management Company and AIFM services attracting the attention of global managers.
With A$87 billion* in assets under supervision, Equity Trustees is widely recognised as the leading provider of fund governance services in Australia, with more than 100 Australian and international investment manager clients.
*as at 1HY20 for the CTS Division ($128 billion Equity Trustees group-wide)
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Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin.
Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers..