Global Values Investors appoints new funds manager
Treasury Group Limited (TRG) and Global Value Investors Limited (GVI) have appointed boutique investment manager Aubrey Capital Management to manage its GVI share funds.
Edinburgh-based Aubrey specialises in global equities and will take over management of the GVI Industrial Share Fund and GVI Industrial Share Fund - Unhedged.
According to GVI, the arrangement with Aubrey aims to provide long-term capital and income returns through investing in attractive markets, sectors and companies on a worldwide basis.
GVI chairman Reub Hayes said the decision to appoint Aubrey as its new funds manager was due to inadequate investment performance over recent years. Aubrey has continuously outperformed its benchmarks and will offer investors a stronger proposition in terms of global equities investment, he added.
GVI stated that Aubrey will build the portfolio around "proven thematic growth drivers", as well as a concentration on company cashflow characteristics as a key risk assessment. Treasury Group Investment Services Limited (Treasury Group) will continue as the responsible entity of the funds.
While Aubrey moves into a sub-advisory role for the two share funds, GVI will remain the licensed investment manager and TRG will take on controlling equity ownership position of GVI, Hayes said.
Treasury Group chief executive officer Andrew McGill said GVI director Grant Cullens will remain in his position as the transition takes place over the next two weeks.
"All investors have been sent an update and will receive further information over the coming weeks," Hayes said.
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
