Treasury Group has reported a 5.38 per cent increase in funds under management (FUM) to $15.24 billion for the September quarter.

The funds management group told the Australian Stock Exchange today that its FUM calculation represented the total funds managed by Investors Mutual Limited, Orion Asset Management Limited, Global Value Investors Limited, Treasury Asia Asset Management Limited and RARE Infrastructure.

It said it also included $1.1 billion in funds managed by New York boutique asset management outfit Trilogy Global Advisors, which Orion has a strategic alliance with and for which Treasury Group Investment Services acts as responsible entity for its pooled funds.

Treasury told the ASX that the development of its newer asset management businesses, GVI, TAAM and RARE, had been strong in the past six months as they continued to establish their presence in the market.