Administrators appointed to fund manager

Administrators appointed to fund manager

A $3.5 billion fund manager and investment adviser has entered administration, with Ferrier Hodgson appointed administrator.

According to an ASIC insolvency notice, Oakvale Capital Limited – which operates its own AFSL and trades under the name Oakvale Treasury – entered administration on 23 July with the first meeting of creditors held today.

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. 

Administrators appointed to fund manager
ifa logo
promoted stories

SUBSCRIBE TO THE IFA DAILY BULLETIN

News

Business Strategy