AL Capital selects Equity Trustees as RE for retail funds

Oksana Patron

14 July 2023

AL Capital has announced its has selected Equity Trustees as the responsible entity (RE) for its range of retail funds, which will include the ALC Global Credit Fund, ALC Active Australian Equity Fund and ALC Active Global Equity Fund.

The three funds will offer investors exposure to a blend of securities such as fixed income (FI), the Australian Securities Exchange (ASX)-listed equities as well as equities listed on major international exchanges with a return objective corresponding to the MSCI World Index.

The ALC Global Credit Fund, which aims to provide investors with exposure to fixed income securities, seeks to generate returns in excess of the RBA Cash Rate by 2.5% per annum over a period of 3-5 years.

The ALC Active Australian Equities Fund offers a strategy with exposure to ASX listed equities, while deploying various tools to manage downside risk – in particular shorting stocks with the aim of achieving absolute returns above the benchmark.

Wayne Mo, chief executive at ALC said, he was pleased to launch these three new funds in partnership with Equity Trustees.

“Through our diverse exposure across credit and equities strategies, we are expanding our product offering as our client base broadens and demand rises,” he said.

He added that ALC’s long history of investment expertise and the firm’s recent acquisition of Peridot Investment Management pointed to “exciting times ahead and compelling offerings for investors”.

“We’ve been delivering excellent returns over the last five years, especially over the last twelve months amid unprecedented market volatility,” he said.

“The agility of our model further allows us to take advantage of timely opportunities without high levels of bureaucracy. Now we’ll be able to leverage the complementary capabilities of Peridot and our existing resources to pursue better outcomes for our investors.”

ALC is the independent investment and fund management arm of Aqualand Group and has around $300 million in assets under management.

Founded in 2018 ALC specialises in equity across public and private markets, offering investment strategies to institutional investors, high-net-worth individuals, and families.