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Treasury pursues new boutique partnerships

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By Samantha Hodge
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2 minute read

Treasury Group continues to seek new boutiques in fixed income, REITs or internationally.

Treasury Group (Treasury) plans to continue the expansion of its boutique partnerships over the next 12 to 18 months, the company's chief said.

The company currently has eight boutique partnerships, two of which joined the firm in the past year.

"We very definitely plan to continue to add to our portfolio relationships over time," Treasury chief executive Andrew McGill told InvestorDaily.

"We are still looking internationally, and Asia is certainly included in that ambition. The approach is a combination of targeted identification or a search within sectors.

"Our ambition would be international and it would be also to add capability in asset classes that we're not currently represented in, which includes fixed income and property or real estate investment trusts (REITs) in particular."

In addition to bringing new boutiques on board, the firm also plans to seek acquisition opportunities on a corporate level, he said.

"We are open to acquisition opportunities. Over 12-18 months we continue to look at these sorts of opportunities," he said.

Treasury will also continue its focus on improving efficiency within the business.

In July, Treasury acquired a 20 per cent equity stake in Singapore-based equity manager Octis Asset Management for $224,000.

Under the terms of the agreement, Treasury has the option to increase its stake in Octis by 10 per cent.

In May, the firm acquired a 30 per cent stake in Evergreen Capital Partners, a Melbourne-based absolute return manager for $1.4 million plus a further deferred amount dependent on Evergreen's business performance prior to 30 June 2014.