Treasury Group posts $6.8m half-year profit

Posted by Anton Murray Consulting on 26 Feb, 2014

Staff Reporter

Treasury Group has reported a half-yearly net profit of $6.76 million following improved market conditions and strong performance from a number of its boutique funds management companies.

This represents an increase of 12 per cent in net profit from the 2013 corresponding period.

Underlying profits increased by 30 per cent from the first half of last year, up to $7.2 million, with RARE Infrastructure (RARE), Investors Mutual (IML) and Celeste Funds Management (Celeste) the main companies driving profit over the half.

The net retail inflows for these three companies increased significantly from $204 million in the first half of the 2013 financial year to $385 million this half.

Funds under management totalled $19.1 billion at 21 December 2013, with an increase of $2.2 billion or 13 per cent from the previous corresponding period.

Treasury Group managing director Andrew McGill said funds under management inflows from retail investors has helped drive high average margins across the portfolio and increased profits.

“During the period, management was proactive in relation to management of TRG’s portfolio, including in relation to the sale of TAAM, the merger of Evergreen with Freehold Investment Management and the restructure of Orion,” said Mr McGill.

Investor Daily

Latest market insights

Funds’ views on superannuation performance test enhancement diverge

› Read more

The war on ESG: An evolving quagmire of arms investments

› Read more

BlackRock and Blackstone outline next ‘enormous’ opportunity in AI

› Read more

Pinnacle to launch second UK affiliate

› Read more

Super fund returns could hit double digits for FY24

› Read more

X feed

The successful candidate for this role will provide consulting services to hiring managers and advise on hiring strategies: https://ow.ly/5k4l50RGE8G

We are seeking articulate and confident candidates who are eager to work in an HR/recruitment related position. With Anton Murray Consulting you can be rewarded based on hard-work and your capacity to generate revenue for our business: https://ow.ly/Cue250RCYE6

A leading global financial services firm is seeking a contractor initially for 12 months to join their operations department focused on Global Payments & Treasury Services Operations: https://ow.ly/1rLq50RCXVR

Funds’ views on superannuation performance test enhancement diverge: https://ow.ly/QtfK50RCY0K

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy