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An announcement from WAM Alternative Assets Ltd ( (AU:WMA) ) is now available.
WAM Alternative Assets Limited has announced a strategic enhancement to its investment portfolio by introducing a new treasury solution aimed at maximizing revenue from excess cash holdings. This initiative involves the appointment of Fortlake Asset Management to manage the treasury allocation through the Fortlake Real Income Fund’s investment-grade credit strategy, which targets a conservative annual return above current term deposit rates. This move underscores the company’s commitment to disciplined capital management and is expected to positively impact the investment portfolio’s performance, benefiting shareholders.
More about WAM Alternative Assets Ltd
WAM Alternative Assets Limited is a company that focuses on providing unique investment opportunities beyond traditional assets. It operates in the financial sector with a primary focus on private equity, infrastructure, water, real estate, agriculture, and private debt. The company is structured as a listed, closed-ended vehicle and is committed to maintaining sufficient liquidity to meet future capital calls.
Average Trading Volume: 200,039
Technical Sentiment Signal: Strong Buy
Learn more about WMA stock on TipRanks’ Stock Analysis page.