This article is credited to Financial Newswire.
Felix Global Investment Management (FGIM) has secured a partnership with Australia-based financial services firm, The SILC Group, to take on trustee and licensee responsibilities for its newly-launched wholesale investment fund, the Felix Global Partners Fund.
The fund’s portfolio is concentrated on high-quality global small and mid-cap companies across developed markets outside Australia, targeting 15 to 30 stocks that align with FGIM’s flagship long-term, high-conviction strategy.
A statement from The SILC Group confirmed the fund was “intentionally limited in capacity”, offering wholesale investors a “concentrated global strategy” combined with “institutional-grade governance, administration and investor servicing capabilities”.
“What stood out about SILC was their willingness to listen and engage from day one,” Matthew Thorne, Managing Member of FGIM, said.
“We had direct access to the owners of the business, who took the time to understand our investment philosophy, operating model and long-term aspirations for the Fund. That level of accessibility helped us build a structure tailored to our needs.”
The SILC Group also confirmed that a “related but independently operated business” within the group, Fenix Funds Administration, has been appointed fund administrator. As a result of the broader partnership, the FGIM fund will also leverage Fenix’s automated fund reconciliation capability – the first of its kind in Australia – designed to reduce manual processing, improve accuracy and enable faster reconciliation and investor administration outcomes.
“Our role is to provide the governance, licensing and operational framework that allows investment managers to focus on generating investment outcomes for investors,” Michelle Tay, Group Executive Director of The SILC Group, said.
“We work closely with managers during the establishment phase to understand their strategy, objectives and growth plans, then execute a structure that is fit for purpose from both a commercial and regulatory perspective.
“Independent oversight remains a critical part of any fund structure, providing confidence to investors while helping managers operate within a robust governance framework.”
FGIM and The SILC Group also noted that collaboration with local professional services firm, EY for legal services allowed the fund to meet all requirements prior to its scheduled launch on 1 July.
“Establishing a new investment fund requires careful alignment of legal, regulatory and commercial considerations,” Nikki Bentley, Partner and Oceania Financial Services Law Leader at EY Australia, said.
“EY Australia was pleased to work closely with FGIM, SILC and Fenix to help implement a robust legal framework that supports efficient market entry, strong governance and investor confidence.”
