Treasury Group offloads underperformer

Treasury Group has announced the sale, subject to conditions, of its 44% stake in Treasury Asia Asset Management for the amount it has invested in the business over the years, so that it will book neither a profit or a loss on the deal. The possibility of a disposal of TAAM was raised in a strong full-year result in August, and both reflect the positive side of Treasury’s portfolio approach to boutique funds management. While former Orion and TAAM’s stars have faded in recent years, RARE Infrastructure has picked up the slack and in 2013 it was joined by...

Treasury Group has announced the sale, subject to conditions, of its 44% stake in Treasury Asia Asset Management for the amount it has invested in the business over the years, so that it will book neither a profit or a loss on the deal.

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