Fund manager Treasury to merge with US firm

By Maggie Lu Yueyang

Australian boutique fund manager Treasury Group has agreed to merge with US-based Northern Lights Capital Partners in a deal valued at $193 million, to form an international business with $49. 6 billion in funds under management (FUM).

The Australia-based Treasury Group is set to gain international market access after the deal through the addition of 13 fund management boutiques owned by Northern Lights, the company said. Treasury Group had $25. 42 billion in funds under management as at June 30.

Read more here: Business Spectator

    

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