Brief: Arc Funds Says Entered Agreement With Lanyon Asset Management Pty Ltd

Arc Funds

15/12/2022 01:57

Dec 15 (Reuters) - Arc Funds Ltd  ARC.AX :
    * ENTERED INTO AGREEMENT WITH LANYON ASSET MANAGEMENT PTY
LTD FOR
DEVELOPMENT OF POTENTIAL FUND TO BE MANAGED BY LANYON
    * ARC HAS AGREED TO INVEST INITIAL AMOUNT OF A$50,000 TO
SUPPORT
GROWTH AND DEVELOPMENT OF FUND
    * ARC WILL BE COMPENSATED BY WAY OF FEE SHARE ON MANAGEMENT
AND
PERFORMANCE FEES EARNED BY LANYON AS INVESTMENT MANAGER OF FUND

Source text for Eikon:  ID:nASX7ThWc2 
Further company coverage:  ARC.AX 
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