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Coolabah Capital advised on development of new bond fund

Corrs Chambers Westgarth has advised Coolabah Capital on the admission of Coolabah Active Composite Bond Fund on Chi-X as a quoted managed fund.

June 25, 2021 • By Reporter
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Coolabah Capital advised on development of new bond fund
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Firm: Corrs Chambers Westgarth (Coolabah Capital).

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Deal: 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.

Value: Undisclosed.

Area: Corporate.

Key players: The legal team advising Coolabah Capital was led by Corrs Chambers Westgarth partner Fadi Khoury.

Deal significance: As per a statement provided by Corrs Chambers Westgarth, 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,” the firm said.

Commenting further, lead partner Mr Khoury 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.”

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