Australian fund manager, LM Investment Management Services, has picked KMG SICAV-SIF for its Luxembourg funds, Global Fund Wire reports. KMG, with LM, will combine the feeder funds, linking directly into the existing Australian Master Funds. LM is absorbing any feeder fund costs so that clients get the same returns whether investing through Luxembourg or directly into the Australian Master. KMG’s platform will provide the legalization, legal, custodial, audit and administrative infrastructure.

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