Treasury Group Purchases 20% Stake in Octis Asset Management

July 13, 2012

On July 11, 2012, Treasury Group Limited (ASX:TRG) announced that it had acquired a 20% equity stake in Octis Asset Management.

On July 11, 2012, Treasury Group Limited (ASX:TRG) announced the purchase of a 20% equity stake in Singapore-based Octis Asset Management. Both parties have signed a partnership agreement, which includes an option for Treasury to increase its holding in Octis by an additional 10% if new funding benchmarks are met. Treasury paid approximately $224,000 for its stake. Octis is a multi-strategy Asian equities manager with approximately $50 million in funds under management.

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Investment Manager Strategic Investments, Transactions