BFMG is a minority shareholder in Bennelong Australian Equity Partners (BAEP) and provides distribution and operational services to BAEP.
The ownership change does not trigger any change to:
- investments held by BAEP funds;
- fees and charges;
- administration or custody;
- BAEP’s investment personnel, investment philosophy or strategy;
- the majority equity stake held by the BAEP investment team in the BAEP investment management entity; or
- unitholder rights or offer documents.
Bennelong Funds Management Ltd (a subsidiary of BFMG) remains the responsible entity for all BAEP funds.