Third Link's Chris Cuffe says he has ideas for a new fund.
Third Link Investment Managers director Chris Cuffe has flagged the potential of establishing a new charity fund when the Third Link Growth Fund reaches its maximum size of $150 million.
"I've got a few other ideas for new funds and different structures, trying to again blend the investment world with the not-for-profit world," Cuffe said.
Under the structure of the Third Link Growth Fund money is managed by a number of fund managers across different asset classes, including Australian equities, international equities and property.
The fund managers, which include both boutique and institutional managers, do not charge for their services.
But a new fund would be unlikely to see a similar arrangement, Cuffe said.
"We've said I would close the fund once we've reached a size of a $150 million, because we didn't want to outlive our welcome," he said.
"When it has reached that size it will be generating a minimum of $200,000 a month for the non-profit sector, and that will be pretty good.
"The next thing I would do would have a more commercial bent," Cuffe said. "I would pay people to help with things, but I would still give money away."
The Third Link Growth Fund still has some way to go as it currently has $35 million in funds under management.
"The fund has lower dollars than I would have hoped to date," Cuffe said.
"I would have hoped by now we would have over $100 million, but I can't complain really because the last couple of years have been tough in fund raising.
The two non-consecutive alphabetic letters encountered most often last week caused more controversy than the underlying policy they represented, Wouter Klijn writes.... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
