Oasis looks for IT force

Platform provider Oasis Asset Management is looking to hire 19 new IT personnel as it beta tests a number of new systems.

Wayne Lowe, Oasis managing director, said the hire of the new IT people, which was currently underway, would bring the group’s total IT force up to 76. “We’re doing it because we want to fast track some developments in the business,” Lowe said. ING Australia bought 76 per cent of the platform in March this year and although Oasis lost dealer group Avenue Capital early this year, Lowe said there had been no client losses post the ING deal. Oasis is currently beta testing upgrades for its MoneyOne desktop software application and website. “We recently upgraded all our hardware,” Lowe said.

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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