ARC 0.00% 9.7¢ arc funds limited

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

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    Dec 15 (Reuters) - Arc Funds Ltd (ARC) :

    • 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
 
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