Organisation
The investment manager of Aria, Avenir Capital, is a fund manager which invests globally in strong businesses with sustainable competitive advantages. Avenir conducts deep fundamental research, constructively engages with management and adopts a long-term investment horizon.
INVESTMENT MANAGER
AC Fund Management Pty Ltd (ABN 67 673 390 791, Corporate Authorised Representative No. XXXXXXXX) (Investment Manager), has been appointed by K2 as investment manager of the Fund to undertake certain services including the day-to-day management of the Fund and management of its portfolio. AC Fund Management was founded by Adrian Warner who is the chief investment officer of AC Fund Management. Adrian also founded, Avenir Capital, an Australian-based boutique fund manager established in 2011, specialising in global equity investments.
The Investment Manager’s responsibilities and obligations as the Fund’s investment manager are to manage the Fund’s investments in accordance with the mandate of the Fund.
Adrian Warner is the Founder and Chief Investment Officer of AC Fund Management, the fund manager of the Aria International Advantage Fund. Adrian was the Chief Investment Officer of Avenir Capital, for over 10 years, when Avenir Capital was the fund manager of the Avenir Global Fund, which followed a similar strategy as the Aria International Advantage Fund. For almost 5 years of this period, Avenir Capital was one of the boutique fund managers on Fidante Partners’ multi-manager platform (Fidante Partners is 100% owned by Challenger Financial Group).
Prior to founding Avenir Capital, Adrian was a Partner and co-owner of Catalyst Investment Managers, an Australian-based private equity firm with over $500 million in assets under management. Adrian has had almost 20 years’ experience in the private equity industry in the U.S., Asia and Australia. Adrian began his career with Bain & Company and worked on projects in the U.S., Asia and Australia.
Adrian has a Master of Business Administration (MBA) from Harvard Business School and a Bachelor of Commerce (1st Class Hons) from the University of New South Wales.
ADMINISTRATOR & CUSTODIAN
K2 has appointed Apex Fund Services Pty Ltd (ABN 81 118 902 891) (Apex) as the Fund’s administrator and custodian. Apex has been appointed by K2 to hold the Fund’s assets and may also provide other services (including service relating to trade and transaction settlement, corporate action reporting and administration, proxy voting, income and distribution processing and cash management). As is standard practice for global investment dealings, Apex engages third party sub-custodians around the world to transact and hold assets for the Fund. Apex in its capacity as the administrator of the Fund will be calculating the NAV and unit price for the Fund on each Valuation Day, preparing unaudited financial statements for the Fund and providing certain other administrative services. Apex’s obligations in relation to its administrator role is limited to the provision of services to K2 and has not undertaken any obligations to unitholders as administrator.
RESPONSIBLE ENTITY
K2 Asset Management Ltd (ABN 95 085 445 094, AFSL 244393) (Responsible Entity or RE), a wholly-owned subsidiary of K2 Asset Management Holdings Ltd (ABN 59 124 636 782), which is a public company listed on the Australian Securities Exchange (ASX: KAM), is the trustee of the Fund and the issuer of units in the Fund. K2 was established in Melbourne in 1999 and specialises in managed funds for retail, wholesale and institutional investors. The responsibilities and obligations as the Fund’s trustee is governed by the Fund’s constitution (Constitution), the Corporations Act 2001 (Cth) (Corporations Act) and other relevant laws. As trustee, K2 oversees the operation and management of the Fund and is required to act in the best interests of investors.