Acquisitions boost Treasury Group FUM
Recovering markets and acquisitions have seen Treasury Group grow its total funds under management (FUM).
The publicly-listed funds manager has told the Australian Securities Exchange that FUM as at December 31 had increased by 11.53 per cent to stand at $14.46 billion during the December quarter.
However, the Treasury Group announcement pointed out that this figure included FUM attributable to three businesses acquired during the quarter — Aubrey Capital Management, AR Capital Management and Celeste Funds Management (previously known as Souls Funds Management).
It said the new businesses had contributed $520 million to FUM.
The announcement said the business was continuing to attract new flows with earnings diversification continuing across its expanded manager line-up.
AUTHOR
Mike Taylor
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