Wed, Sep 3, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2012

Seeders' Corner - Sydney-based Treasury Group can assist managers with spinning off or starting from scratch + Seeders' Corner news review

Eva Riou

Treasury Group, a Sydney-based fund management firm, invests in and supports other fund managers - all are boutiques, although not all emerging. Launched in 2001 and currently with AU$17bn in FuM, it has partnered with 13 boutiques so far.

The boutique model is very much part of the Australian business culture. Eva Riou, Manager of Business Strategy at Treasury, told Opalesque that, to them, a "boutique" is a fund management company specialised in a strategy and a style, where the partners, who usually are also the senior investment team members, have equity in the business - the equity being a majority part or a large minority.

"We make sure that there is an alignment of interest between the investment team and the clients," she added.

Treasury can assist managers with spinning off from a parent company or starting from scratch, with business development, liquidity needs, re-alignment of equity ownership, management issues. Its income comes from minority equity stakes in exchange for working capital and seed money or for services; or from revenue share for capital.

"It is the model that makes sense here but also everywhere else in the world because the trends are the same," Riou noted. "This is the reason why we are growing more and more internationally. There is still a lot to be done with talented people all over the world."

Treasury currently has stakes in ten boutiques, covering anything from 20% to 47.5%: four international fund managers, three Australian fund managers, and three alternative fund managers.

It was in September 2009 that Treasury invested in its first hedge fund, when it bought a 30% stake in Melbourne-based ......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius