The fast-growing alternative investment and wealth management platform providing tailored wealth, funds management and corporate advisory solutions, was just awarded a Capital Markets Services licence.
«The licence approval caps off a stellar year for Aura Group globally,» Calvin Ng, Aura Group managing director, told finews.asia. Funds under management grew 42 percent year-on-year to $536 million, even after over $100 million of capital returns, profits and distributions. HNW private client funds under advice also grew 64 percent year-on-year to $72 million.
Founded in Australia in 2009, Aura Group commenced operations in Singapore, now its headquarters, in 2016. Aura Group and related entities collectively manage and advise over A$1 billion across a range of asset classes.
According to Ng, the demand for its services and subsequent growth has been rapid since its launch, which prompted the firm to apply for a CMS licence.
New Products
With the CMS licence, Aura Group Singapore will be able to conduct a full range of fund management activities to institutional and accredited investors.
The firm is also looking to launch several new private credit and private equity products launching next quarter.
«We continue to see material mispricings in the private markets in particular private credit where our private credit funds are still returning 8-10 percent p.a. relative negligible yields on public bonds. Private equity as an asset class also historically outperforms in vintages post a crisis,» Ng said.
