Majedie Asset Management (“Majedie”), the independent investment boutique, today announced that it had entered into a letter of intent with Link Fund Solutions (“Link”) for Link to be appointed (subject to FCA approval) as the operator of Majedie’s UK-based pooled funds. Currently Majedie is the operator of these pooled funds as well as portfolio manager; its portfolio management role is unaffected. Pooled fund fees and charges will not increase.~
Link will also be appointed as registrar and transfer agent in place of The Bank of New York Mellon (International) Limited. The Bank of New York Mellon (International) Limited will remain the depositary of Majedie’s UK-based pooled funds and will continue to provide fund accounting services to the pooled funds.
An application will be made to the FCA for approval of the appointment of Link as the ACD. If approved by the FCA, we will write to investors with more details and giving formal notice of Link’s appointment, which would be expected to take effect during mid-2019.
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