Mon, Apr 27, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner