Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Coolabah Capital on the admission of Coolabah Active Composite Bond Fund (Hedge Fund) on Chi-X as a quoted managed fund.
Corrs has worked with Coolabah Capital and Equity Trustees Limited (as responsible entity) to develop Coolabah Active Composite Bond Fund (Hedge Fund), a quoted managed fund offering an active fixed-income strategy focused on mispricing in government and corporate bond markets.
The fund, which uses a novel dual register structure, gives investors flexibility to choose their preferred method to invest or trade. Investors can acquire units directly with Equity Trustees Limited using an application form or, following quotation of the units on Chi-X, through their online stockbroker.
Corrs advised on all aspects of the launch from drafting offer and fund documentation, to applying for quotation on Chi-X. This follows on from Corrs’ role working alongside Coolabah Capital on a number of strategic matters to support its growth in recent years, including the acquisition of Smarter Money Investments and admission of Pinnacle Investments as strategic shareholder.
The Corrs team was led by partner Fadi Khoury who said: “Corrs is delighted to have acted for Coolabah Capital on another key strategic project to bring a flagship active fixed-income strategy fund to market in a new and flexible format.”
Ying Yi Ann Cheng, Portfolio Management Director & Market Technicals Analyst, Coolabah Capital said: “We are delighted to introduce our market-leading, daily liquidity, long duration, Coolabah Active Composite Bond Fund (Hedge Fund) as a quotable product to the retail market. This was previously an institutional strategy for super funds that was not available to the public.”