Processes to Preserve and Protect Investors and Deliver Performance
As part of Angas Prime’s risk management process, key external service providers were identified by the Audit, Risk Management and Compliance Committee based on the importance of the external service that each provided to Angas Prime's continued business operations.
Not so long ago, commercial property borrowers were the target of restrictions on funding capacity imposed on the mainstream banking sector by the Reserve Bank in response to the flood of credit that drove a boom in the residential housing market.
Management and staff of Angas Prime encourage investors to focus on the health, economic and social wellbeing of themselves and their families.
Angas Prime has responded to the call to go about our business with quiet resolve. All that is required is being done to ensure that investments will prosper during the mandated period of public health restrictions in order to take full advantage of the many opportunities that are now emerging. A number of business will seek capital secured first mortgages secured over real property in order to repair balance sheets or obtain buffer protection during the transition to recovery.
Current events will continue to have health, economic and social effects. Restrictions on movement and assembly have protected public health. Financial support through public borrowings has protected the economy. Both have consequences for our society. These events have been world changing. The strength and stability of Australia’s financial system is widely appreciated. Angas Prime is playing its part not least by paying monthly income distributions from the Angas Prime Income Fund.
Simple truths are often the best. Money is hard to earn. Savings can be difficult to replace. Obtaining the best possible return on your savings is a key objective but preserving the underlying capital is even more important. This is fully understood by Angas Prime in dealing with investor funds.
Angas Prime will be led in 2020 by experienced personnel with strong foundations in the business. Pictured are Brian Doherty, Chief Executive Officer, Stephen Harvey, Head of Credit and Andrew Luckhurst-Smith, Executive Chairman. Together, they comprise the Credit Committee which approves all loan investments made by Angas Prime and has oversight of the conduct and performance of those investments until they are discharged.
The close relationship that Angas Securities enjoys with its customer and business introducers has been built up during twenty years as a non-bank lender. The key relationships have been forged through changing conditions to underpin a reliable deal flow for Angas Prime. The result is a competitive advantage that drives returns for Angas Prime investors.