AOFM seeks investment manager
The Australian Office of Financial Management is looking for an investment manager to help it manage its new Australian Business Securitisation Fund.The Australian government's debt issuance and cash manager has issued a request for tender, inviting interested parties to submit tenders for the provisions of investment management services for the ABSF.The investment manager will assist with the evaluation of investment proposals received by the AOFM and provide ongoing portfolio management services.The AOFM is looking for an investment manager with experience in structured credit investments, either directly for institutional clients or in a managed fund.The ABSF was launched in July with A$250 million of government funding. Over the next four years it will receive a total of $2 billon of funding. It was set up to invest in securities issued by warehouses vehicles established by small business lenders, with the aim of supporting the provision of credit to the SME market and to make the SME lending sector more competitive.