Equity Trustees has been appointed as local Responsible Entity (RE) by Foord Asset Management (Singapore) Pte. Limited (Foord), which celebrated its tenth anniversary this year.

Foord’s genesis as an investment manager was in South Africa with Dave Foord having founded Foord Asset Management in 1981, and expanded its footprint to Guernsey in 1997, Singapore in 2012, Luxembourg in 2013, and now Australia.

The new Foord Global Equity Australian Feeder Fund invests exclusively in the Foord SICAV- Foord Global Equity Fund (Luxembourg) which comprises a diversified portfolio of global equities that aims 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 Asset Management as RE for their high conviction global equity portfolio.

“We are excited to start working with Foord and their long-established investment team,” said Mr Beasley.

“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 Officer 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.”

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