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Tuesday, 6 November, 2001 - 21:00
US-BASED Resource Capital Funds plans to run a new Australian operation out of Perth after coaxing investment banker Ian Burvill away from NM Rothschild & Sons to head the new operation.
Mr Burvill confirmed he had quit his associate directorship at Rothschild where he had worked for the past nine years to establish a local office for the Denver-headquartered group.
He said the boutique investment house specialising in mining had recently launched its second fund after fully investing its first raising of about $US40 million.
“We have just raised a second fund of $US82 million and we are in the process of investing that worldwide,” Mr Burvill said.
“The reason for setting up is to access investment opportunities in the Australian market.”
Mr Burvill confirmed he had quit his associate directorship at Rothschild where he had worked for the past nine years to establish a local office for the Denver-headquartered group.
He said the boutique investment house specialising in mining had recently launched its second fund after fully investing its first raising of about $US40 million.
“We have just raised a second fund of $US82 million and we are in the process of investing that worldwide,” Mr Burvill said.
“The reason for setting up is to access investment opportunities in the Australian market.”