Governance & Operations
Built for evolving markets
A systematic process is only as trustworthy as the structure around it. This page sets out who does what, and the checks in place to keep the Fund operating the way it is described.
Structure
- Investment Manager: Avangard Investments Pty Ltd (ACN 698 681 248), a corporate authorised representative (CAR No. 001321538) of FB Corp Limited, responsible for the day to day management of the Fund's investment strategy. Avangard Investments Pty Ltd is a wholly-owned subsidiary of Avangard Capital Pty Ltd.
- Trustee and AFSL Licensee: FB Corp Limited (ABN 16 675 876 490, AFSL 557810).
- Fund Administrator & Registry: FundBase Pty Limited (ABN 97 657 064 107), responsible for unit pricing, registry and reporting, independent of the investment manager.
- Broker Platform: Interactive Brokers Australia Pty Ltd.
- External Auditor: HLB Mann Judd, responsible for the annual audit of the Fund's financial statements.
Fund facts
| Item | Detail |
|---|---|
| Strategy | Long-only, systematic Australian equities |
| Investment objective | Outperform the broader Australian share market over rolling 3-year periods |
| Minimum investment | $500,000 (wholesale investors only) |
| Additional investment minimum | $10,000 |
| Management fee | 0.85% p.a. |
| Performance fee | 20% of outperformance, subject to a high-water mark |
| Buy/sell spread | 0.20% |
| Applications & redemptions | Processed monthly |
This page states the Fund's cost and access terms as structural facts, not as a value comparison to any specific alternative.
Independent oversight
An Advisory Board provides independent oversight across the areas most relevant to a systematic Australian equity strategy: investment strategy and risk (chaired by Kim Ivey, former founder of Vertex Capital Management and former President of AIMA Australia), institutional capital markets practice (Dave Forsyth, more than 25 years in international prime services), and distribution and investor relations standards (Andrew Kuruc, more than four decades in financial services distribution). Full biographies are available on the Our People page.
Alignment
Avangard's founders co-invest alongside investors in the Fund. The Fund's performance fee is charged only on genuine outperformance, not simply on positive returns. If the Fund does not outperform, no performance fee is payable. Avangard is also capacity-conscious: the business prioritises the integrity of the investment process and the consistency of outcomes over indiscriminate growth in funds under management.
Long-term continuity
Avangard is built to grow and evolve with the business, not to depend on a single moment in its history. The founders remain closely and personally involved in the day to day running of the firm, and the investment process, data infrastructure and decision rules are designed to scale as the business grows rather than stay fixed in place.
Regulatory status
The Fund is offered only to wholesale clients as defined under section 761G of the Corporations Act 2001 (Cth). Full licensing details can be verified on ASIC's Financial Adviser and AFS Licensee registers under AFSL 557810.