Independent Australian funds management service provider One Investment Group has been quietly chipping away at the competition. Set up in 2009 in the middle of the GFC to provide corporate trustee services to a number of distressed funds that were caught up in the liquidity crisis, the business has grown from a handful of funds to now providing outsourced Responsible Entity, Trustee, Custody, Fund Administration and Registry services to more than 180 funds and over $3.0 billion of assets under administration.
Justin Epstein, one of the founding partners of One Investment Group, commented “It has been a busy time in the Corporate Trustee services market due to the takeover and consolidation of some of our competitors. We are also seeing a significant increase in new funds being set up in Australia. The Significant Investor Visa programme has resulted in a burst of activity as has the launch of the ASX’s mFund service and a renewed interest in listed and unlisted property vehicles as investors search for yield in a prolonged low interest rate environment. We currently have 15 funds that we will launch as Responsible Entity or Trustee in the next several months, focusing on Property, Mezzanine Debt, Credit, Equities and Market Neutral strategies.”
One Investment Group has made a number of key appointments to assist with existing clients and its future growth plans:
Commenting on the appointments, Justin Epstein added “We are investing in additional expertise to take the business forward in an interesting time in the industry. New NTA requirements for Responsible Entities and custodians means that there are a lot of new and existing fund managers that are reviewing which activities they undertake in-house or outsource to professional Corporate Trustee providers like One Investment Group. We provide an end to end solution for fund managers covering Responsible Entity/Trustee, Custody, Fund Administration and Registry services which allow investment managers to focus on what they are good at, which is managing investor money and not worrying about back office compliance. One Investment Group has the advantage in that no other player in the market can offer this full suite of services. We can provide a standalone service or a complete solution to our clients.”
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