Apex Group, the Channel Islands’ financial services provider has been appointed by Foord Asset Management, an independent investment manager to support its expansion into the Australian market.
Apex Group delivers a single-source solution, via its network of over 80 offices in 40 countries, offering a broad range of services. Following a competitive process, Apex has been appointed to provide fund administration, transfer agency and custody services to Foord’s new Australia-domiciled fund.
Foord is an independent, owner-managed investment boutique offering a premium investment management service to long-term investors operating in Guernsey, Singapore and Luxembourg. Foord has recently entered the Australian market with the launch of the new Foord Global Equity Australian Feeder Fund.
This fund, targeting Australian long-term investors, invests exclusively in Foord SICAV- Foord Global Equity Fund (Luxembourg) which comprises a diversified portfolio of global equities. Through an adaptable, high conviction, value-driven equity strategy, Foord Global Equity Australian Feeder Fund aims to achieve a higher total rate of return than the MSCI All Country World Net Total Return Index without assuming greater risk.
For distribution of the fund across Australia, Foord have partnered with Sheridan Lee and her team at Shed Enterprises Pty Ltd, who will be responsible for sales and marketing connecting the fund and Foord to investors, building connections across the Australian marketplace.
Nick Bradford (pictured), Head of Business Development, Oceania at Apex Group comments: “We are seeing a significant increase in the number of managers looking to launch new, onshore fund vehicles in Australia. These managers require a service partner with the right experience and a global footprint to seamlessly support their administrative and operational needs as they expand into new jurisdictions.
“We look forward to working with the Foord team as they continue to scale their business and deliver sustainable returns for their investors.”
Agnes Cai, Chief Executive Officer at Foord Asset Management Singapore adds: “We are excited to be working with Apex Group who have impressed us with their ability to provide a single-source solution, meeting all our fund administration and custody needs, delivered via one relationship with an experienced local team. This efficiency and convenience of this model will allow us to focus on managing risks to deliver superior returns to Australian long-term investors.”