History

Treasury Group currently comprises eight boutique fund management businesses. The first investments were in Australian equity managers, but we have since expanded and diversified to include four international equity managers, as well as specialists in the alternative investments and infrastructure fields.

In 2001, Treasury Group invested in Investors Mutual Limited (IML), a value manager in Australian Equities.

Orion Asset Management Limited, a growth manager in Australian equities was established with Tim Ryan in 2003.

Global Value Investors (GVI), a value manager in international equities, was established in early 2005 as a joint venture with IML.

Treasury Asia Asset Management Limited (TAAM), a specialist in Asia Pacific equities, was established in association with Peter Sartori in 2005.

RARE Infrastructure Limited (RARE) was established in July 2006, specialising in global listed infrastructure. 

In 2009, Treasury Group invested in three new boutiques:

• AR Capital Management Pty Limited, an absolute return manager;
• Aubrey Capital Management, a global growth equity thematic manager based in Edinburgh; and
• Celeste Funds Management (formerly Souls Funds Management) an Australian small cap equity manager.