An Art Investment and Retail Fund
An Art Investment and Retail Fund
The Manager will have responsibility for:
The Manager consists of a team of business and finance professionals with extensive experience in operational and financial management.
The Committee, appointed by the Responsible Entity will assess and advise on all the Trust acquisitions and sales.
Members of this Committee are appointed on formal contracts for a minimum 24 months from the offer's closing date, with a view that their appointments will be extended for the life of the Trust.
The Responsible Entity for the Trust is Huntley Management Limited ACN 089 240 513 which holds an Australian Financial Services Licence No.229754 which authorises it to act as responsible entity for the Trust (the Trust).
The Responsible Entity is responsible for managing the Trust in accordance with the Trust Constitution, the Corporations Act 2001 and general legal obligations. Independent of the Manager, the Responsible Entity is responsible for safeguarding the interests of the Unit Holders.
The Responsible Entity has appointed the Manager to provide advice in relation to the purchase and subsequent sales of the works of art intended to make up the Trust Collection, as well as to advise on the ongoing management of the Trust Collection.
The Responsible Entity also provides – or manages the provision of – external support services. These include management of all back office functions such as safe custody of the Trust assets, investment accounting, taxation (both for GST and annual returns) investor registry and relations, the Trust audit and reporting, the Trust distributions, payments into and from the Trust accounts, and cash forecasting.