Third-party marketer The Private Collection (TPC) has scored a deal with specialist Asia-Pacific boutique investment manager Treasury Asia Asset Management (TAAM) to distribute its Asia fund to retail investors.
"The wealth of experience that TPC brings to this relationship will assist TAAM in growing our business in the Australian retail market," TAAM general manager Sheldon Rivers said.
TPC currently looks after the distribution of eight managers on behalf of Ascalon Capital Managers.
In March, Ascalon took a controlling stake in TPC in a bid to widen its distribution channel.
TPC chief executive Krystyna Weston said the TAAM deal would not create any conflict.
"We have a non-conflict model in our business which allows us to represent other managers without conflicting with [Ascalon's] managers," Weston said.
TPC also plans to grow its team following the Ascalon deal and is in the process of adding a business development manger in Victoria, New South Wales and Queensland.
"Our business is really growing at the moment on the back of the Ascalon deal and new clients," Weston said.
TPC has raised over $600 million in the retail and financial planning market since the group was formed in 2003.
