L1 Group (ASX:L1G) appointed East Rocky Asset Management as the new manager for its Platinum International Health Sciences Fund, effective Oct. 26, according to a Thursday filing with the Australian bourse.
The fund will be renamed to the East Rocky Health Sciences Fund to reflect the manager change, per the filing.
Once the change takes effect, L1 Group will be entitled to 53% of the management and performance fees generated from the East Rocky strategy.
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