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Alternative Market Briefing

Ex Treasury Group MD joins Mantis Funds

Monday, March 08, 2021

Laxman Pai, Opalesque Asia:

Australian multi-affiliate manager, Mantis Funds announced that Rodney Green, a founder of Pacific Current Group and a pioneer in the multi-affiliate space, is joining its board.

The Sydney-based fund manager which was launched last year by hedge fund managers Timothy Cheung and Damien Hatfield informed that as co-founder and managing director, Green helped drive the growth of the backdoor-listed Treasury Group.

Since leaving the ASX-listed Treasury Group in 2008, Green has had his own portfolio of private investments, directorships, and investment committee advisory roles said a press note.

He became a shareholder and director in the listed Easton Investments platform business, from which he stepped down last year but remains a shareholder. He is also an expert adviser on the Sunsuper investment committee, it said.

Green said: "Often if the multi-affiliate acquires a firm run by older managers, the vendors see it as their exit strategy. If they don't look after their succession, it becomes the problem of the equity owner. I've always thought you don't want to own more than 50 percent.

"With Mantis, we have a revenue base. We have separate access to capital, which is not coming from the manager. They are running the money, which is what they enjoy doing, and reinvest [their share of fee income] as they see fit. If they want to take a helicopter to a meeting, that's their business."

Mantis was formed to look at acquiring the thr......................

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