Mr Green joins as a board member and advisor which follows on from his previous funds management stints as MD of Treasury Group, which proved highly successful in raising funds for fund managers, and at Perpetual Investments as Chief Investment Officer and Head of the Funds Management arm.

Mantis Funds CEO, Timothy Cheung, welcomed Rodney to the new venture.

“Rodney brings a wealth of experience to our business and we are incredibly grateful to have access to his guidance as an advisor.

“Mantis Funds might be the new kid on the block, but the expertise and track records of our executive team and board represent decades of highly successful fund distribution and strategy development. Mantis Funds will differ from its rivals because we provide a full distribution and operations capability to our fund partners without extracting equity as a prerequisite.

“If we do end up with equity it will be success based and earned. In this way, the fund manager controls their business and both partners benefit from mutual success,” said Mr Cheung.

Fellow Mantis Funds founder, Damien Hatfield, echoed this sentiment.

“I am seeing more of the better-placed fund managers wanting access to marketing smarts and ideas. We are also getting a strong response to our technology which, we believe, will make seamless funds transfers and client communication a reality,” said Mr Hatfield.

Rodney has over 35 years’ experience in the industry as both a top-level executive and investor. Prior to the Perpetual role as Head of Investments (1995-2001), he worked at Citibank overseeing its entry to the Australian market and earlier with Zurich Insurance and GIO.

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TRG has acquired a 20% equity stake in Octis with an option to increase that by a further 10% if hurdles linked to new funds flow are satisfied. Funding of the acquisition was from working capital and the strike price of the option is correlated to the prevailing net asset backing at the time the options are exercised. The initial acquisition price for the 20% stake was approximately $224,000.

Founded in 2007, Octis is an Asian multi strategy equity manager based in Singapore. The investment team, headed by CEO Jerome Ferracci who has 27 years of experience, has achieved an outstanding track record with +22% net returns since inception against – 21% for the MSCI Asia Pacific index (as at 31/05/2012).

“We have been interested in diversifying into alternatives and have been actively searching for opportunities. We are very pleased about partnering with a quality business that offers access to Asia with low volatility. We look forward to assisting in the growth of Octis both in Australia and overseas,” said Andrew McGill, Treasury Group Chief Executive Officer.

“We have been very impressed by TRG’s performance in partnering boutique fund managers, and are very confident of the synergies created with our partnership. On one hand TRG has a proven outstanding track record in terms of product development and distribution, whilst on the other hand we strongly believe in our capability of bringing significant value to investors by mastering equity risk at a low level of volatility through our alternative investment products,” said Jerome Ferracci.

11 July 2012 

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This investment by TRG builds upon the existing relationship between TRG and Evergreen which was initiated in December 2011 when Evergreen was appointed to assume management responsibility for the Ascot Fund. 

Founded in 2009 by Tim Hannon, Evergreen is a boutique funds management business with a focus on management of ASX listed equities via an absolute return style. Evergreen’s flagship fund is the Evergreen Australian Equities Return Fund through which it seeks to generate investment performance via systematic exploitation of market inefficiencies whilst also seeking topreserve capital. 

In addition to its core equities focus, Evergreen has a joint venture with Freehold Investment Management. The JV manages Australian real estate and infrastructure securities. This business is operated separately from the equities business and is led by Andrew Smith. 

Currently, Evergreen manages approximately $100m in funds on behalf of high net worth individuals, family offices and institutions. The property JV currently has $70m in funds under management. 

Andrew McGill, Chief Executive Officer of TRG said “Evergreen has generated enviable returns for investors across the volatile equity market conditions that we’ve seen over the past few years. Theenthusiasm, passion and focus on client outcomes of the Evergreen team underpin their success to date.” 

“TRG is very pleased to partner with Evergreen at this point in its development and is confident that the strength of our Distribution capability and range of support services will further underpin the continued growth and success of Evergreen.” 

TRG has acquired a 30% stake in Evergreen in return for an upfront payment of $1.4m plus a further deferred amount contingent upon theachievement by Evergreen of business performance hurdles prior to 30 June 2014. All amounts will be funded by TRG out of internally available working capital. 

The majority of the TRG stake has been acquired from interests associated with Jo Rylance, Evergreen’s Executive Director and COO. Following the transaction, Ms Rylance will continue at Evergreen in her executive capacity. Mr Hannon remains the majority owner of Evergreen and also holds a significant personal investment in the Evergreen Australian Equities Return Fund alongside clients.

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Following an extensive search TRG CEO, Andrew McGill is delighted to have appointed someone of Stephen’s calibre and experience. “Stephen’s strong industry network, proven sales expertise and deep understanding of the asset consulting sector will make him a valuable addition to our Distribution team” said Mr McGill. 

Concurrent with the appointment of Mr Bramley and to better service the needs of clients, Mr McGill announced a reorganisation of responsibilities within Treasury Group’s Australian Distribution team. Peter Walsh, previously Head of Retail Distribution, has been appointed as Director, Distribution based in Sydney.Between them, Mr Walsh and Mr Bramley will be responsible for clients across all Australian States and Territories, with Mr Walsh having primary responsibility for clients across New South Wales and Queensland and Mr Bramley having primary responsibility for clients across Victoria and South Australia. 

Dan Burke, TRG’s London based Director, Distribution, will continue to cover client relationships in the UK and Europe.Mr McGill noted that “The ability to generate funds inflows for our boutique partners is a core and fundamental capability underpinning Treasury Group’s business model. Over the past five years, TRG has been responsible for generating funds inflows in excess of $4.5bn for our boutique partners.” Consistent with its business strategy, TRG has invested by adding staff to its Distribution team over the past 12 months.

Mr Bramley has more than 17 years experience in the funds management industry, including his most recent role as Head of Institutional Sales, Investments at Mercer (Australia) Pty Ltd. Mr Bramley has a Bachelor of Commerce (Banking and Finance) from the University of Canberra.

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TRG Chairman Mike Fitzpatrick said that the Board is delighted to welcome Ms Donnelly to TRG and that her deep and varied financial services experience would add considerable value to the company.  

“Ms Donnelly has worked with some of Australia’s largest financial services businesses, with a focus on education and funds management.  She brings vast knowledge of the Australian and international investment markets and we are delighted to have her on board.” 

Ms Donnelly is the Founder and former Chairman of the Centre for Investor Education (CIE), a specialist education and consultancy firm for executives in Australian and overseas superannuation funds, institutional investment bodies and the financial services markets. 

Ms Donnelly’s has held numerous executive positions within the ANZ Banking Group including Managing Director of ANZ Trustees and Deputy Managing Director of ANZ Funds Management. She has also been CEO of the Queensland Investment Corporation, and Chairman of the Board of Plum Financial Services Nominees. 

Ms Donnelly is a former DeputyChairperson of the Victorian Funds Management Corporation and a current Non-Executive Director of Ashmore Group plc.

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