To any "investors" out there. Is TRG another PPT? Check out the FUM number last night.
FUM growth for September qtr $590.0m (+24.9%) FUM @ 31/09/03 $2.97b
It is no co-incidence that the CEO Rodney Green was formerly the GM of Perpetual. Check out the business units and recent news:
TRG owns: 50.0% of IML (Run by Anton Taglieferro - Australian fund Manager of the year 2002 and 2003) 50% of Armytage (HNW discretionary management) 19.9% of Orion (Run by Tim Ryan who ran CSFB wholesale business and just announced a deal with Challenger - Chris Cuffe knows a little about the Funds Mng industry) Also have a small cap business called Confluence run by Campbell Boag (check out the announcement for full details). New announcement for an LIC
These boys know there stuff.
I wish you all a happy journey now that you have been enlightened.
P.S. (see PPT chart for potential of this stock) P.P.S. How much did Westpac pay for BT which is losing FUM at the rate TRG is gaining?
PAC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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