Administrators appointed to fund manager
A $3.5 billion fund manager and investment adviser has entered administration, with Ferrier Hodgson appointed administrator.
The Oakvale Treasury website explains that the company offers a range of risk advisory and fund management services to a “diverse range of corporate, financial and government institutions” and has approximately $3.5 billion in funds under advisory management.
The company holds Australian Financial Services Licence no. 229842.
More to come.