Evelyn Partners will take on responsibility for two commodities funds.
The firm is set to act as authorised corporate director and fund administrator for two funds managed by Baker Steel Capital Managers.
The Baker Steel Gold and Precious Metals fund and the Baker Steel Electrum fund will transfer to Evelyn Partners Fund Solutions Limited.
The pair of funds will join 145 funds, worth around £10bn.
CEO of Evelyn Partners Fund Solutions, Neil Coxhead, said: “Protecting investor interest is our key role as ACD and we look forward to working in partnership with Baker Steel to deliver compelling investor outcomes.”
Baker Steel was founded in 2001 and has offices in London and Sydney.
It focuses on the metals and mining sector and said its funds mainly invest in materials needed for a sustainable future inducing copper and lithium uranium.
Mark Burridge, CEO and fund manager at Baker Steel, said he hopes the partnership will deliver “exceptional services” for UK investors.
He added: “We are thrilled to be working with a leading ACD to enhance our product offerings at a time when the natural resources sector faces a highly positive outlook, driven by attractive valuation metrics and strong projected demand for a variety of critical materials ranging from precious metals to industrial metals and battery metals.”
tara.o’connor@ft.com
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