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Bennelong Funds Management announces change of ownership

Bennelong Funds Management Group (BFMG) today announced that Antipodes Partners has entered into a binding agreement with the Bangarra Group, owner of BFMG, for Antipodes Partners to take full ownership of BFMG.

Skerryvore-press-release

BFMG is a minority shareholder in Skerryvore Asset Management (Skerryvore) and provides distribution and operational services to Skerryvore.

The ownership change does not trigger any change to:

  • investments held by Skerryvore funds;
  • fees and charges;
  • administration or custody;
  • Skerryvore’s investment personnel, investment philosophy or strategy;
  • the majority equity stake held by the Skerryvore investment team in the Skerryvore investment
    management entity; or
  • unitholder rights or offer documents.
     

Bennelong Funds Management Ltd (a subsidiary of BFMG) remains the responsible entity for all Skerryvore funds.