Treasury Group

The downside to diversification is complexity. After experiencing problems with its most important funds management business Investors Mutual several years ago, Treasury Group has now had to restructure two of its smaller managers. Poor performance at Global Value Investors and the departure of key staff at AR Capital has led to Treasury effectively closing both businesses. While neither was important to Treasury’s profitability, the closures involved writedowns of $0.9m. Excluding these, the company’s underlying net profit for the half year to 31 December was flat at $5.2m. Underlying share of net profits of equity-accounted investments, the profit line in...

The downside to diversification is complexity. After experiencing problems with its most important funds management business Investors Mutual several years ago, Treasury Group has now had to restructure two of its smaller managers. Poor performance at Global Value Investors and the departure of key staff at AR Capital has led to Treasury effectively closing both businesses.

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