Arowana International Limited announced that AWN will be creating a new earnings stream by launching a Funds Management division. The rationale for this move is to expand the long term investable universe of AWN beyond the Operating Companies division (which comprises of companies that it controls or has significant influence over) into areas where the AWN team already has skills, experience, contacts and track record; to accommodate significant interest from new investors (particularly international family offices) seeking to invest in Arowana, without issuing new capital and diluting shareholders at the AWN level; to further enhance the return on invested capital (ROIC) profile of AWN through establishing a business that is highly scalable and will deliver incremental EBIT and cashflow from recurring management and performance fees; to maximize the productive deployment of the growing skills and experience base of the AWN team and in doing so provide for long term career growth opportunities; and to enable AWN to participate in and benefit economically from alternative investment opportunities (especially in Asia) in a lower risk and earnings accretive manner.