June 12 (Reuters) - Auctus Alternative Investments Ltd AVC.AX :
* TO ESTABLISH US ASSET MANAGEMENT BUSINESS
* RBP'S FIRST INVESTMENT WILL BE A BATTERY STORAGE BUSINESS UNDERPINNED BY LONG TERM CONTRACTS WITH U.S. UTILITIES
* CO WILL OWN 30% STAKE IN US ASSET MANAGEMENT BUSINESS VIA JV IN PARTNERSHIP WITH AN INVESTMENT TEAM BASED IN NEW YORK