Aura partners with McGrath real estate
Boutique fund manager Aura Funds Management (AFM) has formed a strategic alliance with McGrath Estate Agents in a bid to enter the Australian market with Significant Investor Visa (SIV)-compliant funds.
The partnership will allow international and domestic high net worth investors access to Australian markets and lucrative asset classes, according to AFM.
AFM appointed McGrath Estate Agents as strategic adviser to its Australian Core Property Fund, while the firm's founder, John McGrath, will join AFM's strategic advisory committee.
"Australia is a strongly preferred destination for overseas investors, so the early popularity of the SIV program is not surprising," McGrath said.
"Our track record of watching market trends and predicting popular property locations will be leveraged by the fund to provide its investors a market advantage."
AFM managing director Avi Naidu said he believed the benefits would flow back to the Australian economy.
"The SIV is designed to attract both strategic capital investment and sophisticated entrepreneurs, which will invariably have a positive impact," he said.
Recommended for you
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years.
