27th July 2018
UK based investment management firm Ardevora Asset Management LLP has selected Equity Trustees (UK & Europe), to provide Authorised Corporate Director (“ACD”) services to the ES Ardevora ICVC.
Ardevora, a London-based independent global equity boutique, has appointed Equity Trustees following a comprehensive review of the independent ACD market.
Ardevora was founded in 2010 by fund managers Jeremy Lang and William Pattisson. They manage around £5 billion of assets across Global, UK and SRI funds, and work for a diverse range of clients around the world.
Frances Chambers, COO at Ardevora Asset Management, said: “We are delighted to partner with Equity Trustees in the UK. Following a review of the independent ACD market, Equity Trustees’ independent, open architecture model stood out as a clear leader. From our initial discussion through to the transition of the Fund from our previous ACD, the team at Equity Trustees have been very professional and evidenced an extensive understanding of the UK funds industry that has enabled the transition to run smoothly with minimal disruption to the Fund and its investors. We look forward to developing our relationship with Equity Trustees in the months and years ahead.
James Gardner, Co-CEO at Equity Trustees (UK & Europe), added: “This partnership with Ardevora is another significant step forward in the development of our UK independent ACD service. Our rapidly growing portfolio of clients is further proof of the demand amongst high quality Investment Managers for a truly independent solution, which allows managers to focus on their core strengths of portfolio management and distribution knowing that their funds are in safe hands. We are extremely proud to have been selected by Ardevora as the ACD for their UK proposition.”
About Equity Trustees
With over A$70 billion in assets under management, Equity Trustees has a 130-year history and is widely recognised in the Australian market as the market leading provider of Responsible Entity services for more than 100 international investment managers. Equity Trustees entered the European Independent Fund Operator market in 2017 with the acquisition of a 60% shareholding in Treasury Capital Ltd, since re-named Equity Trustees (UK & Europe) Ltd.
With offices in Melbourne, Sydney, London, New York and Dublin, Equity Trustees has a market capitalisation of approx. A$380m with revenue in excess of A$80m. It employs over 250 staff.
Equity Trustees (UK & Europe) is an innovative and dynamic Fund Operator, providing genuinely independent fund services and solutions in the UK and across Europe. Through its Independent ACD and Management Company solutions it offers a comprehensive UCITS and AIFMD fund structuring and fund operation service, covering all aspects of a fund’s lifecycle from initial design, through to its authorisation, launch and then the ongoing management and administration of the proposition.
For more information in regards to the range of services provided by Equity Trustees in both the UK and across Europe, contact James Gardner at JGardner@UK-EQT.com