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Orchard brings Max in-house
Andrew Barlow
One of the seed investors in online superannuation offering Max Super, Orchard Funds Management, has moved to acquire the firm.
Orchard chief executive David Hinde said his company had been the principal backer of Max Super since its inception in 2005, and that its acquisition was part of a growth strategy for Orchard.
“We’ve keenly supported Max Super through its establishment phase and are now very excited to be bringing this innovative business on board,” he said.
Max Super will continue to be run by its chief executive, Andrew Barlow, who has been mandated to expand the business into new areas.
Barlow will also head a new venture capital fund for Orchard, to be launched in coming months.
AUTHOR
Mike Taylor
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