TAAS invested $10 million in a TAAS Investment Fund.
The company, which has been providing services to investment firms for more than 40 years, has invested in more than 600 companies including the pharmaceutical giant Pfizer, Coca-Cola, and the Australian government.
The investment is part of a strategy to bring TAAS expertise to its customers, with the goal of creating a portfolio that maximises returns and maximises the impact of TAAS services on their clients.
“Our portfolio is built on our understanding of the needs and desires of the investment industry and our focus on the investment environment,” TAAS managing director, Peter Fennell, said.
“Our approach is to make sure our clients are fully aware of what TAAS offers, so that they can decide for themselves whether or not to invest in our products.”
The investment fund will be created through the company’s TAAS Fund, which is a wholly owned subsidiary of TAAs investment arm TAAS.
TAAS will own 50 per cent of the fund, which will be managed by an outside investment adviser, TAAS Holdings, which invests primarily in technology companies and other high-growth companies.
TAAS Investment Funds CEO Peter Fenton said the fund would provide an alternative way for investors to diversify their portfolios.
“The TAAS investment fund has a distinct advantage in terms of the amount of capital it invests in a given industry sector, which gives us a large degree of predictability about the growth of our portfolio,” Mr Fenton told News.org.au.
“There’s a real risk that we’ll miss out on a particular company in the market, but we’ll be able to invest it at a better rate.”
For example, we could invest in a company that is very much in the health sector and the result could be a huge return, while for the same company in a different sector, it could be very bad.
“Investment advisers TAAS, which provides investment advisory services to financial institutions, companies, pension funds, asset managers and other sectors, will be able use the fund to manage their clients’ investment portfolios.
The TAas investment funds will be sold by TAAS in exchange for the TAAS Trust portfolio which is managed by a separate investment adviser.
The TAAS fund will not be able be sold to the public.
Mr Fenton explained the reason for TAAS investing in the TAas Investment Fund was to increase its exposure to the investment world.”
When you invest in investment products, you’re not necessarily looking to buy an asset, you are looking to get the best return from your investment,” he said.
According to TAAS Investors and Partners, the investment fund was the first investment to receive an investment approval from the Securities and Exchange Commission (SEC) and is currently under review.