POWERED BY MOMENTUM MEDIA
Aubrey handed the reins of GVI funds
Treasury Group Limited (TRG) and Global Value Investors (GVI) have issued a joint announcement advising that Aubrey Capital Management will take over management of GVI’s funds.
Aubrey is a boutique investment manager that specialises in global equity management. While headquartered in Edinburgh, Aubrey holds an office in Melbourne and has been a member of TRG’s boutique portfolio since 2009.
GVI chairman Reub Hayes said the decision to change the investment manager was taken after reviewing the investment performance of the business.
“The overriding factor in reaching this decision was to generate the best outcome for our current and future investors in the funds,” Hayes said.
Hayes said GVI would continue to be the licensed entity and investment manager, although Aubrey will be sub-advisor to the funds. TRG will move to a controlling equity ownership position and will continue to be the responsible entity of the funds.
Aubrey will structure the portfolio without reference to peers or the benchmark, instead identifying proven thematic growth drivers, coupled with an assessment of a company’s cashflow characteristics.
The transition will commence immediately and it is expected that the overall change to the portfolio composition will take place over the next two weeks.
“Members of both Aubrey and GVI are working together to facilitate a seamless transition and ensure that the interests of investors are managed as a priority. All investors have been sent an update and will receive further information over the coming weeks,” Hayes said.
AUTHOR
Keith Griffiths
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
